Kitven

Empowering Startups Through Government Venture Capital.

Operating in the State of Karnataka since 1999
Managed by Karnataka Asset Management Company Private Limited (KAMCO)
Beyond Bengaluru Cluster Seed Fund for Startups registered with SEBI on 8 March 2023 (IN/AIF1/22-23/1224)

AIF

Overview

About Kitven

Karnataka Information Technology Venture Capital Fund (KITVEN Fund) is a State & Central Government financial institutions backed Venture Capital Fund (VCF) operating in the State of Karnataka since 1999. The Fund received subscription from premier institutions like Karnataka State Industrial and Infrastructure Development Corporation Limited - KSIIDC, Karnataka State Financial Corporation - KSFC, Small Industries Development Bank of India - SIDBI, Karnataka Bio-technology & Information Technology Services (KBITS) etc. Karnataka Asset Management Company Private Limited - KAMCO, a Company promoted by KSIIDC, KSFC and SIDBI, is the Manager for all the Venture Capital Funds under management. Karnataka Trustee Company Private Limited - KATCO, a Company promoted by KSIIDC & KSFC, is the Trustee.

Investment philosophy

The primary objective of the present Venture Capital Funds is to make available long-term capital requirement (equity and equity related instruments) to unlisted SMEs/ Startups etc. in the Semiconductor, ESDM, Biotechnology, Animation, Visual Effects, Gaming, Comics and other allied sectors which can bring commercial value to stakeholders and will have widespread positive impact on the economy. The Fund is fully committed for investment in SMEs and Startup units predominantly in the State of Karnataka. The Fund does not undertake investment in idea / seed stage. Companies which are earning revenue from their core activities are only entertained (product / high-end services / solutions etc.). The Fund supports companies for enhancing their existing offering to customers and also expand / diversify using core competency which will enhance shareholder value. The parameters that would determine an investment decision include management, market, future potential and competitiveness.

AIF funds6

Beyond Bengaluru Cluster Seed Fund for Startups

Registered 2023

Cat I1 in team

Karnataka Information Technology Venture Capital Fund 2

Registered 2025

Cat I1 in team

Karnataka Information Technology Venture Capital Fund-3 (Biotech)

Registered 2015

Cat I1 in team

Karnataka Semiconductor Venture Capital Fund

Team31

Manish Belmannu

SEBI Contact Person

Manish Belmannu is the designated SEBI contact person for Kitven 4 AVGC at Karnataka Asset Management Company Private Limited.

Manish Kumar

Vice President

Engineering Degree in Computer Science

Shri Manish Kumar holds an Engineering Degree in Computer Science and has more than 20 years of experience in the field of Information Technology and Venture Capital.

P V Harikrishnan

Chief Executive Officer

Post-graduate in Engineering, CAIIB, PGDBA

He holds post-graduate degree in Engineering, CAIIB and Post graduate diploma in Business Administration. He comes with more than 25 years of experience in Corporate & Investment Banking, Project appraisal, debt syndication, debt restructuring, across industry verticals.

Khushboo Goel Chowdary

Board

Managing Director, KSIIDC

IAS

S S Nakul

Board

MD, KSFC

IAS

Rahul Sharanappa Sankanur

Board

MD, KITS

IAS

Investments in securities markets are subject to market risks. Read all the related documents carefully before investing. Past performance is not indicative of future returns.

Kitven

Overview

About Kitven

Investment philosophy

AIF funds6

Team31

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