After the success of the first Fund (KITVEN Fund), we have since launched our second Fund (KITVEN Fund – 2) with higher corpus as also increased outlay of investment. During the past, we have successfully partnered with visionary entrepreneurs and nurtured them to build category-defining technology companies. More details about KITVEN Fund and its portfolio units are available here

KITVEN Fund - 2, a SEBI registered VC Fund with present Corpus of Rs.26.25 Crore subscribed by Karnataka State Industrial Investment & Development Corporation Limited - KSIIDC (Rs.6.25 Crore), Karnataka State Financial Corporation - KSFC (Rs.7.50 Crore), Small Industries Development Bank of India - SIDBI (Rs.7.50 Crore) and Karnataka Bio-technology & Information Technology Services - KBITS (Rs.5.00 Crore) is proposed to be invested in Information Technology, Bio-Technology, Nano-technology and other knowledge based industries. The Fund will invest in the above sectors with high priority for investment in the State of Karnataka.

We will be shortly launching a new venture capital fund for Small & Medium Enterprises - Karnataka Venture Capital Fund [KARVEN Fund]. The objective of the FUnd is to invest in new and upcoming SME units catering to clean energy, aerospace engineering, automobile components etc. which are of high growth potential.