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The Venture Codex

GVFL

1221/1222, 12th Floor, East Wing, Stratum @Venus Grounds, Nehrunagar, Ahmedabad, Gujarat, 380015, India

Overview

Gujarat Venture Finance provides seed financing and growth capital to small and medium-sized companies. They concentrated on the job of giving venture financing to innovative start-ups. GVFL's approach is distinct in that it provides broad-spectrum help to its financed companies, ranging from strategic direction to governance support.

Total investments
30
Lead investments
22
Investments · 12mo
12
Active investors
5
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Investment portfolio

  • Antier Solutions

    Led · Equity · May 2026

    Founded and led by Vikram R. Singh, Antier Solutions is an enterprise blockchain engineering firm headquartered in Mohali that develops infrastructure for secure transactions, verifiable workflows, and institutional-grade applications. The company operates with a team of over 600 specialists and says it has delivered more than 1,000 projects across enterprises, startups, and government institutions globally. After more than a decade of bootstrapped growth, Antier has taken its first institutional capital to accelerate expansion. Management plans to use the new funding to scale platform offerings and expand deployments across government and BFSI customers. The company also intends to strengthen its presence in international markets, including the United States, MENA, and Asia-Pacific. Antier's executive team includes CEO Vikram R. Singh, COO Shashi Pal, and CFO Ashish Pareek, who will oversee the company's financial strategy and institutional growth roadmap.

  • BeastLife

    Led · Series A · Apr 2026

    Founded in 2024 by Gaurav Taneja and Raj Vikram Gupta and based in Gurugram, BeastLife is a digital-first D2C fitness and sports nutrition brand. It sells a range of products including protein supplements, creatine, mass gainers, and multivitamins through its own website, major e-commerce marketplaces, and quick commerce platforms. The company reported a turnover of Rs 36 crore in FY25 and around Rs 100 crore in FY26, and aims to reach Rs 500 crore in revenue over the next three years. BeastLife plans to use recent funding to scale operations, hire and strengthen its team, and expand its omnichannel presence with a calibrated offline rollout in select geographies. The brand competes with established players such as MuscleBlaze, Optimum Nutrition, GNC, and The Whole Truth.

  • Canvaloop

    Led · Equity · Mar 2026

    Founded in 2020 by Shreyans Kokra and based in Surat, Canvaloop produces high-performance spinnable textile materials derived from agricultural waste and crop residues. Its product portfolio includes HempLoop, FlaxLoop, BanLoop, NettleLoop and PineLoop, all engineered to be compatible with existing textile manufacturing infrastructure. The company reported a current production baseline of about 30 tonnes per month and plans to scale to roughly 300 tonnes per month within six to twelve months. Canvaloop is using external capital to expand its team and to further research and develop regenerative cellulose materials. The business positions itself at the intersection of circular-economy principles and scalable industrial textile applications.

  • insideFPV

    Led · Series A · Jan 2026

    insideFPV is a defence drone technology startup founded in 2020 by Arth Chowdhary, Deyvant Bhardwaj and Oshi Kumari to plug critical gaps in India’s combat-ready unmanned systems. The company develops first-person-view (FPV) drones, surveillance drones and interceptor drones that are engineered to function reliably in harsh battlefield environments. Its platforms have already undergone high-altitude trials with the Indian Army, demonstrating performance in extreme conditions. With a product roadmap centred on trusted, indigenous hardware, insideFPV intends to deepen core engineering work and advance its defence platforms’ reliability. The startup plans to channel new capital into product development, capability building and fortifying its core drone lines. Financially, the company has secured a ₹6 crore pre-Series A round to fuel these initiatives, although no revenue or user figures were disclosed. Management views the recent investment as a key endorsement of its mission-critical technology ambitions.

  • Magma

    Participated · Series A · Dec 2025

    Founded in 2022 in Ahmedabad by Neal Thakker, Magma provides an integrated “Industrial Operations Stack” that helps factories and contract manufacturers streamline production, increase throughput, and create transparency in India’s fragmented industrial ecosystem. Its platform combines precision manufacturing networks with advanced industrial materials marketed under the TerraMag brand. The company already serves more than 250 industrial customers—including Reliance, Adani and Arvind Group—across chemicals, packaging, polymers, paper, plastics, and ceramics, and operates in 12 Indian states. Magma follows a profitability-first approach while embedding deep proximity to industrial clusters. With fresh capital, it plans to scale operations in Gujarat, Maharashtra, Karnataka, Rajasthan, and Telangana, reinforce its precision manufacturing network, and launch new factory-focused solutions. The firm will also expand Magma Green, a green manufacturing and materials initiative that delivers waste-management and recycled-materials solutions across paper, plastic, agro, and sawdust value chains. To date, Magma has raised $11.3 million, giving it resources to continue accelerating growth among India’s mid-market manufacturers.

Team

  • Venkatesh Sanapathi

    Director And CEO

  • Mihir Joshi

    CEO

    LinkedIn
  • Maheshwar Sahu

    Director

  • Bhagyesh Soneji

    Director