KITVEN Fund-4 (AVGC) is a Venture Capital Fund with corpus of Rs.20 crore. The Fund proposes to undertake investments in companies catering to Animation, Visuals Effects, Gaming, Comics and such other allied sectors within the State of Karnataka. The Fund has been initiated by the Department of IT, BT & ST, Government of Karnataka and participation from other State Government firms/ institutions
KITVEN Fund-4 (AVGC) undertakes investment in the range of Rs.50 lakhs to Rs.100 lakhs per company during the initial stage which can be enhanced upto Rs.200 lakhs per company at a later stage / follow-on investment.
The investment in companies will be in the nature of equity, preference capital (convertible / redeemable), debentures OR combination of any of the above instruments adhering to 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.
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