Fundraising FoxGVFL Ltd.
Venture capitalAhmedabad · Pre-Seed–Series B · 22 people tracked
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Investment thesis
GVFL positions itself as a pioneer of venture capital in India, backing innovative startups across sectors including biotech, deep tech, enterprise tech, clean tech, defence tech, healthcare and med-tech, consumer brands, gaming, fintech, and agritech. It operates three funds covering stages from pre-seed through Series B, emphasizing support beyond capital through its decades of experience, network, and insights to help founders build scalable, sustainable businesses. The firm is bullish on the long-term India growth story and has divested from over 75% of its portfolio with strong returns.
Source: firm website, verified Oct 1, 2026.
Team · 22 people
from the firm's website
What they invest in
from 9 of 13 portfolio companiesB2B Marketplaces ×3Enterprise Software ×3AI & Machine Learning ×2Consumer ×2Logistics & Supply Chain ×2SaaS ×2Advanced Manufacturing ×1AgTech ×1
HQs:India×6Germany×1United States×1
Investments · 13 tracked
founders shown can be your intro pathBy year:2026 · 22025 · 32024 · 16 dated
Canvaloop uses a closed-loop process to convert agricultural waste into textile-grade fibres, aiming to reduce water use and prevent crop-residue burning.
Circular EconomyClimate TechNew Materials
Co-investorsTheia VenturesThird Derivative
Deep Tech Momentum operates Europe's leading innovation marketplace and summits that connect deep tech founders, investors, and enterprise customers.
AI & Machine LearningB2B MarketplacesDeep Tech
Co-investorsTwo Ravens
Dice is a corporate spend orchestration, digital commerce, and payments platform for enterprises, offering accounts payable tools such as OCR-based invoice data extraction, credit/debit note handling, budgetary controls, settlement tracking, and real-time transaction compliance.
Enterprise SoftwareFintechSaaSPune, IN
Co-investorsDallas Venture Capital
Evify operates an electric-vehicle fleet for logistics, handling EV acquisition, maintenance, and allocation to clients through a technology platform for deliveries.
CleantechLogistics & Supply ChainMobility & Transportation
Co-investorsWe Founder Circle Global Angels Fund
Ghost Kitchens India operates cloud kitchens and celebrity-led quick-service restaurants, building food brands from India with centralized operations and multi-brand leverage.
B2B MarketplacesConsumerFoodTechIndia, IN
Karan Tanna(Founder)in
Co-investorsDholakia VenturesSprint VcNB Ventures
GROWiT is an agricultural technology company that provides soil-to-harvest solutions for farmers in India, including franchise retail stores and soil health testing devices with crop recommendations.
AgTechImpact & Social GoodIndia, IN
Saurabh Agarwal(Founder & CEO)inAkshay Agarwal(Founder & Director)in
Co-investorsHyderabad AngelsWe Founder Circle Global Angels FundWe Founder Circle
Magma builds operational infrastructure and systems for India's manufacturing sector, working directly with manufacturers to improve their critical operations and support large-scale industrial growth.
Advanced ManufacturingB2B MarketplacesEnterprise SoftwareLogistics & Supply Chain
BoardNeal Thakker
Co-investorsAccionCapria VenturesPointOne CapitalWEH VenturesHashkey CapitalPuzzle Ventures+1 more
Magma helps companies that build AI agents package and license their agents' interaction data — traces, corrections, and completed workflows — to AI labs, paying those companies a revenue share.
AI & Machine LearningData & InfrastructureEnterprise SoftwareSaaSSan Francisco, US
Ramtin Shahzanian(CEO)in
Co-investorsVela PartnersY CombinatorAccion Venture LabAcequia Capital (AceCap)Capria VenturesEmerging Ventures+5 more
PROTOUCH is a direct-to-consumer beauty and personal-care brand selling at-home devices and cosmetic products, including hair styling and growth tools, LED facial masks, skin-lift and dermaplaning devices, teeth-whitening products, and serums.
ConsumerDirect to ConsumerE-commerce
Co-investorsAnicut CapitalDholakia VenturesTitan Capital
Biotech startup using bioengineering and precision fermentation to produce dairy-free proteins replicating cow's milk.
Co-investorsBrincpi Ventures
Other
Tracked investments with no reachable website or further public details — typically companies that wound down, renamed, or were absorbed.
CTPLEroNkanGamerji
Portfolio news
latest coverage across their companiesMagma · ycombinator.com · Aug 14, 2026
Frequently asked questions
- How many investments has GVFL Ltd. made?
- GVFL Ltd. has 13 tracked investments, including 5 dated in the last 24 months.
- What stage does GVFL Ltd. invest at?
- GVFL Ltd. invests at the Pre-Seed, Seed, Series A, Series B stages.
- What is GVFL Ltd.'s typical check size?
- GVFL Ltd. typically writes checks of $250K – $25M.
- What sectors does GVFL Ltd. focus on?
- GVFL Ltd. focuses on Advanced Manufacturing, AgTech, Biotech, Cleantech, Consumer, Data & Infrastructure, Deep Tech, Defense Tech, EdTech, Energy, Enterprise Software, Fintech, FoodTech, Gaming, Hardware, Healthtech, Logistics & Supply Chain, Medical Devices, New Materials, SaaS, Semiconductors, Space Tech, Travel & Hospitality.
- Where is GVFL Ltd. located?
- GVFL Ltd. is headquartered in Ahmedabad, IN.
- Does GVFL Ltd. lead rounds?
- GVFL Ltd. has led 3 of the 4 rounds where its role is on record.
- Who does GVFL Ltd. co-invest with?
- GVFL Ltd. most often shares deals with We Founder Circle Global Angels Fund, Brinc, Dallas Venture Capital, among 6 tracked co-investors.
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