Ahmedabad-based GVFL announces first close of seed fund Prarambh at Rs 100 crore, targeting 25-30 seed-stage startups in various sectors.

Ahmedabad-based venture capital firm GVFL announced the first close of its new seed fund Prarambh with a total corpus of Rs 200 crore at Rs 100 crore. The firm plans to invest in 25-30 seed-stage startups in sectors including B2B SaaS, healthtech, agritech, climate tech, and deeptech, with investment sizes ranging from Rs 1 crore to Rs 3 crore. GVFL aims to provide a seamless funding pathway for startups from seed to growth stages.