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The Venture Codex

GVFL

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

Overview

Seed financing and growth capital for innovative start-ups.

Founded

1990

Deals · 12mo

13

Links

WebsiteLinkedInX (Twitter)

Stage focus

Series A

Geographic focus

India

Sector focus

—

Investment portfolio

32rounds
NAMEDATESIZE
Ecosys
Sep 2026Led
$0.52 MSeries A
Edgeverse
Aug 2026Led
$0.31 MOther Equity
Antier Solutions
May 2026Led
$3 MOther Equity
BeastLife
Apr 2026Led
$2 MSeries A
Canvaloop
Mar 2026Led
$1 MOther Equity
insideFPV
Jan 2026Led
$0.66 MSeries A
Magma
Dec 2025Participated
$3 MSeries A
Soleos
Dec 2025Led
$12 MOther Equity
Brandworks Technologies
Nov 2025Participated
$11 MSeries A
HRS Navigation
Nov 2025Participated
$5 MSeries A
DOCO
Nov 2025Led
$0.51 MSeed
Protouch
Nov 2025Led
$2 MSeries A
Ecosys
Sep 2026Led
$0.52 MSeries A
Edgeverse
Aug 2026Led
$0.31 MOther Equity
Antier Solutions
May 2026Led
$3 MOther Equity
BeastLife
Apr 2026Led
$2 MSeries A
Canvaloop
Mar 2026Led
$1 MOther Equity
insideFPV
Jan 2026Led
$0.66 MSeries A
Magma
Dec 2025Participated
$3 MSeries A
Soleos
Dec 2025Led
$12 MOther Equity
Brandworks Technologies
Nov 2025Participated
$11 MSeries A
HRS Navigation
Nov 2025Participated
$5 MSeries A
DOCO
Nov 2025Led
$0.51 MSeed
Protouch
Nov 2025Led
$2 MSeries A
32
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Deal Distribution

GVFL: 32 funding rounds are recorded in the selected participation categories.All available history.
GVFL: 32 funding rounds are recorded in the selected participation categories. All available history
Round typeLed dealsParticipated deals
Seed40
Series A116
Series B01
Other Equity91

Monthly Deal Activity

GVFL: 32 deals are recorded across 114 months.All available history.
GVFL: 32 deals are recorded across 114 months. All available history
MonthDeals
May '171
Jun '171
Jul '170
Aug '170
Sep '170
Oct '170
Nov '170
Dec '170
Jan '180
Feb '180
Mar '180
Apr '180
May '180
Jun '180
Jul '180
Aug '180
Sep '181
Oct '180
Nov '180
Dec '180
Jan '190
Feb '190
Mar '190
Apr '190
May '190
Jun '190
Jul '190
Aug '190
Sep '190
Oct '190
Nov '190
Dec '190
Jan '200
Feb '200
Mar '200
Apr '200
May '200
Jun '200
Jul '200
Aug '200
Sep '200
Oct '200
Nov '201
Dec '200
Jan '210
Feb '210
Mar '210
Apr '211
May '210
Jun '210
Jul '210
Aug '210
Sep '210
Oct '210
Nov '210
Dec '210
Jan '221
Feb '220
Mar '220
Apr '220
May '220
Jun '220
Jul '220
Aug '220
Sep '220
Oct '220
Nov '221
Dec '220
Jan '231
Feb '230
Mar '231
Apr '232
May '231
Jun '230
Jul '230
Aug '230
Sep '230
Oct '230
Nov '230
Dec '230
Jan '241
Feb '241
Mar '240
Apr '240
May '240
Jun '241
Jul '242
Aug '240
Sep '240
Oct '240
Nov '240
Dec '240
Jan '250
Feb '250
Mar '250
Apr '250
May '250
Jun '250
Jul '250
Aug '251
Sep '251
Oct '251
Nov '254
Dec '252
Jan '261
Feb '260
Mar '261
Apr '261
May '261
Jun '260
Jul '260
Aug '261
Sep '261
Oct '260

Sector Breakdown

GVFL: Consumer & Lifestyle is the largest displayed sector by deal count (7 deals).All available history.

A deal can appear in multiple sectors, so sector totals may overlap. Capital represents disclosed total round sizes, not fund cheque sizes.

GVFL: Consumer & Lifestyle is the largest displayed sector by deal count (7 deals). All available history
SectorDeals
Consumer & Lifestyle7
Enterprise Software6
Hardware & Robotics6
Health & Life Sciences6
Networks, Cloud & Communication4
Food & Agriculture4
Cybersecurity & Privacy3
E-Commerce & Retail3
Clean Energy & Sustainability3
Transportation & Logistics3
Fintech3
Manufacturing3
Professional Services3
Government & Defense2
Data, Analytics & IT2
Space & Frontier Tech2
Marketing & Advertising2
Media & Entertainment2
Developer Tools2
Travel & Hospitality1
Education & Workforce1
Real Estate & Construction1
Crypto & Blockchain1
AI & Machine Learning1
Gaming & eSports1

Deal Size Distribution

GVFL: 32 rounds have a disclosed size in the displayed size bands.All available history.

Undisclosed round sizes are excluded. Capital represents total round sizes, not fund cheque sizes.

GVFL: 32 rounds have a disclosed size in the displayed size bands. All available history
Round size band (USD)Deals
<$5M26
$5M-$10M4
$10M-$25M2
$25M-$50M0
$50M-$100M0
$100M-$250M0
$250M-$500M0
$500M-$1B0
$1B+0

Deals By Geography

GVFL: India has the largest recorded deal count among the displayed regions (30 deals).All available history.

Top 3 of 3 regions; European countries are grouped as Europe.

GVFL: India has the largest recorded deal count among the displayed regions (30 deals). All available history
RegionDeals
India30
United States1
Europe1
GVFL: 20 co-investors are shown, with Dallas Venture Capital sharing 2 recorded deals.All available history.

Co-Investors

Bubble size = shared deals

Click a bubble to open that fund in a new tab.

Shows up to 20 co-investors ranked by shared deals. Deals may be shared with multiple funds, so rows overlap. Capital is total round size, not fund cheque size.

GVFL: 20 co-investors are shown, with Dallas Venture Capital sharing 2 recorded deals. All available history
Co-investorShared deals
Dallas Venture Capital2
Dholakia Ventures2
Unicorn India Ventures2
Venture Catalysts2
Anicut Capital1
Avinya Ventures1
AVNM Ventures1
Cactus Venture Partners1
Capria Ventures1
Caspian1
Enrission Group1
Equanimity Ventures1
Equentis Angel Fund1
Exim Bank of India1
Green Frontier Capital1
Indian Angel Network1
IVY Growth1
KITVEN1
Lead Angels1
LetsVenture1

Investment Strategy

GVFL: Led accounts for 75% and participating for 25% of round participation.All available history.
GVFL: Led accounts for 75% and participating for 25% of round participation. All available history
CategoryDeals (count)Share (%)
Led2475%
Participating825%
GVFL: Single-lead accounts for 67% and co-led for 33% of lead dynamics.All available history.
GVFL: Single-lead accounts for 67% and co-led for 33% of lead dynamics. All available history
CategoryDeals (count)Share (%)
Single-lead1667%
Co-led833%

Team

Bhagyesh Soneji

Director

Maheshwar Sahu

Director

Mihir Joshi

CEO

Sanjay Randhar

Managing Director

Venkatesh Sanapathi

Director And CEO