Karnataka Semiconductor Venture Capital Fund — KITVEN | Wisefolio

Karnataka Semiconductor Venture Capital Fund

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 Semiconductor Venture Capital Fund (KARSEMVEN Fund) is a SEBI-registered Category I Alternative Investment Fund (Venture Capital Fund) (reg. IN/AIF1/13-14/0049), registered in April 2013 and managed by Karnataka Asset Management Company Private Limited (KAMCO) — the government-promoted fund manager for all KITVEN family funds. KARSEMVEN is a ₹92.95 crore fund focused on the Semiconductor, Electronics System Design & Manufacturing (ESDM), Electronics, Embedded Systems, and allied technology sectors within Karnataka. The fund's investors are State and Central Government institutions and banks: Karnataka Innovation & Technology Society (KITS), Small Industries Development Bank of India (SIDBI), CanBank Venture Capital Fund (from the Electronic Development Fund, Government of India), and others. The fund makes equity, preference capital (convertible/redeemable), or debenture investments of ₹100 lakhs to ₹350 lakhs per company at the initial stage, enhanceable in subsequent rounds. Typical investment horizon: 3–5 years. Trustee: Karnataka Trustee Company Private Limited. HQ: Khanija Bhavan, 4th Floor, East Wing, 49, Race Course Road, Bengaluru 560001.

Investment philosophy

KARSEMVEN Fund's investment philosophy targets the strategic semiconductor, ESDM, and electronics ecosystem within Karnataka — supporting the state's ambition to be a national leader in chip design, embedded systems, and electronics manufacturing. The fund prioritises companies with proven technology, strong IP or product differentiation, and a clear path to commercialisation within a 3–5 year horizon. Investments are in equity and equity-linked instruments to create long-term commercial value for government LPs and portfolio companies alike. KAMCO, with over 25 years of fund management experience across KITVEN vintages, brings deep domain networks and government policy access to support portfolio companies in building scalable businesses.

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/AIF1/13-14/0049

RegisteredApr 2013 (13 years ago)

Valid untilPerpetual

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

Investment manager

Kitven

Insights

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Disclaimer

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