Karnataka Information Technology Venture Capital Fund 2 — KITVEN | Wisefolio

Karnataka Information Technology Venture Capital Fund 2

Cat I · Managed by Kitven

Empowering Startups Through Government Venture Capital.

SEBI-encouraged funds — venture capital, SME, social-impact and infrastructure. Close-ended, generally unleveraged.

Overview

About

Karnataka Information Technology Venture Capital Fund 2 (KITVEN Fund-2 / KITVEN 4 AVGC) is a SEBI-registered Category I Alternative Investment Fund (Venture Capital Fund) (reg. IN/AIF1/25-26/1883), registered in August 2025 and managed by Karnataka Asset Management Company Private Limited (KAMCO) — a state and central government-promoted fund management entity established to manage the KITVEN family of venture capital funds since 1999. The manager entity's colloquial SEBI label 'KITVEN 4 AVGC' reflects this fund's investment focus on the Animation, Visual Effects, Gaming, and Comics (AVGC) sector — introduced at Bengaluru GAFX 2024, India's largest AVGC industry gathering, by the Government of Karnataka. The fund has a target corpus of ₹20 crore and invests ₹50 lakhs to ₹1 crore per company initially, with follow-on investments up to ₹2 crore. It targets startups and early-stage SMEs catering to AVGC and related creative technology sectors within Karnataka. The fund is initiated by the Department of IT, BT & ST, Government of Karnataka, KSIIDC, and KEONICS. Trustee: Karnataka Trustee Company Private Limited. HQ: Khanija Bhavan, 4th Floor, East Wing, 49, Race Course Road, Bengaluru 560001.

Investment philosophy

KAMCO's investment philosophy across all KITVEN funds focuses on supporting emerging companies with long-term growth potential in knowledge-based sectors within Karnataka. The AVGC-focused fund specifically targets startups solving creative technology challenges — leveraging Karnataka's status as India's most prominent AVGC hub and the state government's policy push under the AVGC-XR National Mission. Investments take the form of equity, preference capital (convertible/redeemable), debentures, or combinations, with a typical investment horizon of 3–5 years. KAMCO brings decades of ecosystem expertise, government relationships, and a track record of 100+ portfolio companies across all KITVEN fund vintages.

Team29

P V Harikrishnan

Fund manager

SEBI Contact Person / Fund Manager

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

S Sreepathy

Board

GM, SIDBI

Chidananda S Vatare

Board

ED, KSIIDC

Vishal R

Board

Secretary (FR), Finance Dept, Government of Karnataka

IAS

M S Babu

Board

Independent Director

Vinod Kalkotwar

Board

Independent Director

Sridhar Mitta

Advisor

MD of e4e Business Solutions, former Technology head of Wipro

Prakash Mutalik

Advisor

Founder & CEO of RelQ Software (acquired by EDS Corporation)

Registration

SEBI registration

SEBI-registered

SEBI registration no.IN/AIF1/25-26/1883

RegisteredAug 2025 (1 year ago)

Valid untilPerpetual

Contact personP V HARIKRISHNAN

AddressKHANIJA BHAVAN 4TH FLOOR, EAST WING 49 RACE COURSE ROAD, Bangalore, Karnataka, 560001

Investment manager

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Disclaimer

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