The Rs.15.00 Crore IT specific SEBI registered KITVEN Fund was launched during the year 1999 with subscriptions from State & Central public financial institutions namely Karnataka State Industrial Investment & Development Corporation – KSIIDC (Rs.3.75 Crore), Karnataka State Financial Corporation - KSFC (Rs.3.75 Crore) and Small Industries Development Bank of India – SIDBI (Rs.7.50 Crore). The Fund has studied over 600 prospective units for likely VC assistance & invested only in 17 units aggregating to Rs.17.56 Crore typically during the early stage with investment size of Rs.50 Lakhs to Rs.150 Lakhs. As a partner, KITVEN Fund invested in emerging technology companies with a long-term investment approach thereby to build commercial value to our investors / subscribers. We have focused investment in seed / rapid growth opportunities in wide spectrum of Information Technology areas such as Enterprise Applications, Testing, Infrastructure Software Solutions, Security, eGovernance, Outsourcing, Embedded & Mobility applications, etc

In many of our successful investments in the past, KITVEN Fund was a founding / first investor and made our investment when the company was no more than a passionate team. We have maintained a rigorous investment process and a commitment to work closely with our portfolio companies. We understand that promising companies need more than financial backing to succeed. On the road from seed to success we became the founding team’s trusted advisor. The Fund has invested in companies which have both economic and developmental impact in the State of Karnataka. The complete list of the portfolio units are as under :-

RelQ Software (P) Limited (Exited - Acquired by EDS)

The company was providing Software Validation & Verification, Quality Assurance Services to Information Technology Organizations world wide. The Fund exited fully after acquition by EDS Corporation, USA.
More info at :: EDS Press Release

Logix Microsystems Limited (Exited during IPO )

The company provides Business Solutions, Enterprise Products, Automotive Solutions, etc. The company is listed in the Bombay Stock Exchange (BSE) & National Stock Exchange (NSE). The Fund has fully divested its investment after IPO.
More info at :: www.logixworld.com

Cerebra Integrated Technologies Limited (Exited during IPO)

The company provides total IT solutions for both Hardware and Software. The company is listed in the Bombay Stock Exchange (BSE). The Fund has fully divested its investment from this Company after IPO.
More info at :: www.cerebracomputers.com

iLantus Technologies (P) Limited

ILANTUS is a leading global solutions provider offering end-to-end Solutions in the area of Identity Management, User Provisioning and other Security Solutions.
More info at www.ilantus.com

ECAD Technologies Limited (Exited - Acquired by AT&S)

The company was providing high performance design engineering services to the PSB industries, EDA and CAE space. The Fund has fully divested after acquisition by AT&S, Austria.
More info at :: AT&S Press Release

Internet Componenet Management Group (P) Limited - ICMG

The company has developed a flagship product named "K2 Server" for enterprises to adopt Component Architecture based on CORBA Component Model (CCM is superset of J2EE), along with inter-working with EJB/J2EE components. The company has also developed a Corporate eLearning tool (Component Educational Server) for enterprises adopting middleware & component infrastructure.
More info at :: www.icmgworld.com

iTwine Technologies (P) Limited (Exited - Strategic Acquisition)

The company is offering solutions in the areas of SCM Consulting, Logistics, Distribution & Transportation, Re-Engineering etc. The Fund has fully divested after acquisition by Strategic Partner.
More info at :: www.itwinetech.com

Winfoware Technologies Limited

This is a Software Services company specialized in the areas of operating systems, communications and middleware components for voice / data convergence communications.
More info at :: www.winfoware.com

Indegene Lifesystems (P) Limited (Exited - Strategic Investment)

The company is leader in the Healthcare Network and is providing services to Pharmaceutical companies, medical cummunities, clinical trails, drug database etc. The Fund has fully divested post strategic investment.
More info at :: www.indegene.com

InKnowTech (P) Limited

The company is leveraging its services to the Enterprises, IT and Telecom Service Providers with Global presence in the areas of Remote Network Management, Facility Management, Help Desk Management, System Integration, etc.
More info at :: www.inknowtek.com

Opus ABS India (P) Limited

OPUS ABS provides integrated Business Process & IT Outsourcing solutions to the telecoms and utilities industry, SaaS, etc.
More info at :: www.opusabs.com

Comat Technologies (P) Limited (Exited - VC Investment)

The company is leveraging its services in the ITES-BPO space. The company's focus are in the areas of eGovernance, Legal & Healthcare processing. The Fund has fully divested its investment after the company received VC investment.
More info at :: www.comat.com

247 Learning (P) Limited (Substantially Exited - VC Investment)

24x7 Learning is one of the largest eLearning Implementation and Consulting Company. It specializes providing Enterprise Learning Platforms (offline/online learning, etc). It is serving as backbone for some of corporate India’s best run Virtual Corporate Universities. 24x7 Learning creates, manages and runs these Virtual Corporate Universities and offers the client end-to-end solution. The Fund has sustantially exited after the Company received VC Funding.
More info at :: www.24x7learning.com

Brickwork India (P) Limited (Exited - Buyback by Promoters)

The company offers Knowledge Process Outsourcing (KPO) Services in the areas of Market Research, Financial Research, Analytics, Legal Services & Remote Executive Assistance. Brickwork is founded by Mr. Vivek Kulkarni, former IT Secretary, Govt. of Karnataka. The Fund has fully divested after the Promoters offered to buy back the investment.
More info at :: www.brickworkindia.com

Telibrahma Convergent Comm. (P) Limited (Exited - VC Investment)

TELiBrahma works with product companies and service providers around the world to enhance the benefits of mobility with specific focus and strategy helping them reduce the risk and cost associated with development . It delivers "Productized Services" backed with proactive value proposition in terms of technology and business to customers. The company was successful in deploying solutions for mobile ticketing & logistics space. The Fund has fully exited after the Company received VC Funding.
More info at :: www.telibrahma.com

Proteans Software Solutions (P) Limited (Exited - Acquired by CAMO)

Proteans is an outsourcing company focusing on software product development and business application development on Microsoft Technology Platform. Proteans partners with Independent Software Vendors (ISVs), Application Service Providers (ASPs), System Integrators and IT teams of businesses to develop software products. The Fund has fully exited after CAMO Technologies acquired the company.
More info at :: www.proteans.com