Karnataka Information Technology Venture Capital Fund - 2 (KITVEN Fund - 2) is Rs.26.25 crore, SEBI registered, Venture Capital Fund launched during the FY 2008-09 and undertakes investments in units catering to Information Technology, Bio-technology, Nano-technology and other knowledge based industries within the State of Karnataka. The Fund received subscriptions from premier financial institutions namely Karnataka State Industrial and Infrastructure 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 and Information Technology Services - KBITS (Rs.5.00 crore).
KITVEN Fund -2 undertakes investment in the range of Rs.100 to Rs.250 lakhs per unit. The preferred form of investment is equity. KITVEN Fund - 2 will also invest in other forms of capital instruments like Preferential Capital (convertible/ redeemable), Debentures OR combination of any the above instruments. All the investments will be as per the guidelines issued by the Securities & Exchange Board of India (SEBI) from time-to-time. The typical investment horizon would be 3-5 years although lower periods would also be considered.
The Fund also has outside professionals who are persons of emminence in the field of industry, finance, management, science & technology etc. Many of these professionals have successfully led large IT companies in past and have entrepreneurial expertise in driving companies from idea stage to IPO/M&A. The Advisory (Investment Committee) Members inculde :-
|Dr. Sridhar Mitta||MD of e4e Business Solutions, former Technology head of Wipro|
|Dr. Prakash Mutalik||Founder & CEO of RelQ Software (acquired by EDS Corporation)|
|Dr. Anant R Koppar||Founder & CEO, K Two Technology Solutions|
|Shri A C Sahu||General Manager, SIDBI|
|Dr. G Sabarinathan||Chairman, NSRCEL, IIM Bangalore|
|Shri L B Nilogal||Executive Director, KSFC|
|Shri N R N Simha||I/c Executive Director, KSIIDC|
|Shri A R Jayakumar||Chief Executive Officer|
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