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Investment Objective

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VC Funds under management

    1. KITVEN Fund

    2. KITVEN Fund - 2

    3. KARSEMVEN Fund

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Entrepreneurs seeking Venture Capital

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KARSEMVEN Fund

Karnataka Semicondcutor Venture Capital Fund (KARSEMVEN Fund) is a SEBI registered Venture Capital Fund launched during the FY 2014-15 with target corpus of Rs.96.15 crore. The Fund proposes to undertake investments in units catering to Semiconductor, Electronics System Design & Manufacturing (ESDM), Embedded Systems and such other allied sectors within the State of Karnataka. The current corpus of the Fund is at Rs.69.40 crore and received investments from premier financial institutions namely Karnataka Biotechnology & Information Technology Services (KBITS), Small Industries Development Bank of India (SIDBI), Life Insurance Corporation of India (LIC), Union Bank of India (UBI), Canara Bank, Punjab National Bank, KSIIDC and Andhra Bank. Currently, KARSEMVEN Fund undertakes investment in the range of Rs.200 lakhs to Rs.500 lakhs per company which can enhanced upto Rs.900 lakhs per unit after achieving its final closing.

The preferred form of investment is equity. KARSEMVEN Fund will also invest in other forms of capital instruments like Preferential Capital (convertible/ redeemable), Debentures OR combination of any the above instruments. All the investments will be as per the guidelines issued by the Securities & Exchange Board of India (SEBI) from time-to-time. The typical investment horizon would be 3-5 years although lower periods would also be considered.

Advisory Members

The Fund also has outside professionals who are persons of emminence in the field of industry, finance, management, science & technology etc. Many of these professionals have successfully led large companies in past and have entrepreneurial expertise in driving companies from idea stage to IPO/M&A. The Advisory (Investment Committee) Members of KARSEMVEN Fund inculde :-

  1. Ms. Salma K Fahim, IAS, MD, KBITS
  2. Dr. Sridhar Mitta, MD of e4e Business Solutions, former Technology head of Wipro
  3. Shri B V Naidu, former Director, STPI, Govt. of India
  4. Shri Mike Shah, former MD of Digital Equipments & Angel Investor
  5. Shri S Devarajan, former MD of Cisco India and MD of TATA Elxsi
  6. Shri Sanjay Anandaram, former Partner of VC Funds, Mentor to many Startups
  7. Shri A C Sahu, General Manager, SIDBI
  8. Shri A R Jayakumar, Chief Executive Officer

Portfolio Units

1. Graphene Semicondcutor Services (P) Limited

Graphene Semiconductors is a rapidly growing company offering product development and sustenance services to global customers in the Semiconductor, Embedded Products and soft-IP business space.Founded by well-known veterans in semiconductor industry with multiple years of experience in engineering services sector, the company is on a mission to be the premier organization in offering an eco-system of service offerings that fulfil the needs of all business under one roof. More info at :: Graphene Semiconductor Services

2. Prodigy Technovations (P) Limited

The company is providing protocol analysis solution for mainstream and emerging technologies such as mobile, memory and display segments. These protocol analysers are targeted towards development and debugging of eMMC/ SD/ SDIO/ MIPI/ HDMP/ DP protocols by customers/ implementers across the globe. More details at :: Prodigy Technovations

3. SenseGiz Technologies (P) Limited

SenseGiz is a startup focusing on wearable tech & IoT products which customers can use in their daily lives. The company designs and produce innovative products named FIND (can be used to track misplaced things like keys, bags, pets, phones etc.) and STAR (fitness and safety at the same time, accurately & reliably). More details at :: SenseGiz Technologies

4. Pinaka Aerospace Solutions (P) Limited

Pinaka provides solutions and services in the area of Automatic Test Equipment (ATE), Airborne Avionic Hardware, Hybrid Calibration Facility, Electronic Warfare Systems, Independent Verification & Validation Services etc. mainly to the Indian Defence & Aerospace sector. More details at :: Pinaka Aerospace


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