Ahmedabad-based GVFL to Invest $14 Mn in Startups Across India
Ahmedabad-based venture finance company, GVFL�Limited (formerly�Gujarat Venture Finance Limited), announced that it plans to invest ? 100 crore ( ~ US$14.46 million ) to�fund startups�across the country. The investment will be made by December 2020, confirmed CEO of GVFL, Mihir Joshi, while
- Ahmedabad-based venture finance company, GVFL Limited (formerly Gujarat Venture Finance Limited), announced that it plans to invest ₹ 100 crore ( ~ US$14.46 million ) to fund startups across the country.
- The investment will be made by December 2020, confirmed CEO of GVFL, Mihir Joshi, while speaking in a event held in Ahmedabad on Wednesday.
- Founded in 1990, GVFL has so far raised eight venture capital funds which have supported over 80 companies and have divested from over 75% of portfolio companies.