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More than 70 per cent of GVFL’s investments,
accounting for 89 per cent of GVFL funds have been in
the seed or start-up stage, including follow-up on funding
for seed or start-up stage companies. |
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85 per cent of GVFL’s investee companies have
been promoted by first-generation entrepreneurs. |
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Many of GVFL’s investee companies are pioneers
in their respective industries, bringing new technologies
to the market. 81 per cent of GVFL’s investments
have been in companies developing and commercializing
new technologies. Even in its first fund, set up in 1990,
GVFL invested in yet-to-emerge sectors such as biotech,
information technology and auto ancilliaries. |
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Many entrepreneurs funded by GVFL have reported that
their business would not have existed without the venture
assistance -- both in terms of capital and management
support. GVFL recognizes that nurturing SME companies
in India is slow and requires enormous patience. It works
over much longer periods with its companies than its counterparts
in India. In at least a couple of cases, it chose to stick
with and help ultimately successful companies when they
were down and out with multi-year losses. |
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A survey amongst investee companies conducted by IIM-Ahmedabad
has indicated that GVFL has played an active role in the
growth and success of its investee companies by providing
managerial support, helping in sourcing additional funding
and strategic tie-ups, strengthening internal systems
and corporate governance, increasing visibility through
various events and networking with industry experts. |
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GVFL has fulfilled the role of a classical venture
capital company from structuring of funds to investment
to search and appraisal and monitoring and nurturing of
funds. |
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