KITVEN

Established in 1999, KITVEN is a government-backed venture capital fund operating in Karnataka, India. It focuses on providing long-term capital to early and growth-stage startups in sectors such as technology, biotechnology, and information technology. KITVEN aims to enable these companies to build competitive products and solutions, contributing to the state's economic development.

The fund operates through multiple initiatives, including KITVEN Fund-4 (AVGC) and KITVEN Fund-5. KITVEN Fund-4, with a corpus of Rs. 20 crore, targets investments in the Animation, Visual Effects, Gaming, and Comics sectors. KITVEN Fund-5, with a target corpus of Rs. 100 crore, focuses on startups in Artificial Intelligence, Machine Learning, MedTech, and Electric Vehicles. Both funds prioritize investments in tier-2 and tier-3 cities, as well as ventures led by women entrepreneurs.

KITVEN's investment strategy emphasizes a rigorous process, focusing on the management team's track record, market potential, future earnings power, and the company's competitiveness. The typical investment horizon is 3-5 years, with investments ranging from Rs. 50 lakh to Rs. 2 crore in the initial stages, and higher amounts in follow-on investments. The fund has a history of successful exits, including companies like RelQ Software, Logix Microsystems, and Cerebra Integrated Technologies, which have been acquired by major corporations or listed on stock exchanges.

KITVEN's vision is to provide long-term patient capital to early and growth-stage startups in Karnataka, enabling them to build competitive products and solutions. By supporting emerging businesses across diverse sectors, KITVEN plays a crucial role in fostering entrepreneurship and innovation within the state.