# GVFL

> GVFL is a VC fund in Ahmedabad backing Manufacturing and Food and Beverage. See 71 investments, check sizes, portfolio and contact details. Updated Aug 2026.

- Type: VC Fund
- Location: Ahmedabad, India
- Total investments: 71
- Last investment: May 2026
- Lead investor: 77%
- Last fund: Jun 2024
- Last updated: Aug 2026
- LinkedIn: https://www.linkedin.com/company/gujarat-venture-finance-limited/about/
- Website: http://www.gvfl.com

GVFL is a VC fund in Ahmedabad focused on Manufacturing and Food and Beverage. 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.

## Contacts

5 contacts available for GVFL. Shizune tracks 5 team members at GVFL. Sign up free to unlock them: https://app.shizune.co/sign-up/investor-profiles/find-team-emails/gujarat-venture-finance?utm_source=investor_profile

## Round sizes

| Stage | Round size |
| --- | --- |
| Seed | $342k–$3M |
| Series A | $1.4M–$11M |

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Manufacturing | 11 | 15% |
| Food and Beverage | 8 | 11% |
| Software | 7 | 10% |
| Information Technology | 6 | 8% |
| Education | 4 | 6% |

103 industries tracked in total.

### Stage

| Stage | Investments | Share |
| --- | --- | --- |
| Seed | 22 | 31% |
| Funding Round | 16 | 23% |
| Series A | 9 | 13% |
| Pre-Seed | 3 | 4% |
| Series B | 3 | 4% |

8 stages tracked in total.

### Country

| Country | Investments | Share |
| --- | --- | --- |
| India | 51 | 72% |
| United Kingdom | 1 | 1% |

## Team

| Name | Title | Investments | Profile |
| --- | --- | --- | --- |
| Bhagyesh Soneji | Director | 0 | https://shizune.co/investors/profile/bhagyesh-soneji |
| Maheshwar Sahu | Director | 0 | https://shizune.co/investors/profile/maheshwar-sahu |
| Mihir Joshi | CEO | 20 | https://shizune.co/investors/profile/mihir-joshi |
| Sanjay Randhar | Managing Director | 5 | https://shizune.co/investors/profile/sanjay-randhar |
| Venkatesh Sanapathi | Director And CEO | 0 | https://shizune.co/investors/profile/venkatesh-sanapathi |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Ceres Foods | Ceres Foods is a direct-to-consumer brand that offers a unique solution for cooking like a professional at home. The company provides a range of food products that are gentle on the gut and can be quickly prepared. Their offerings include Thai curries and other oriental dishes, which only require heating before eating. Additionally, Ceres Foods PvtLtd offers liquid masala, a blend of spices in liquid form, allowing customers to easily add authentic, traditional Indian flavors to their dishes. The company sells its products through Amazon, offering a convenient and accessible shopping experience for its customers. |  | Series A | May 13, 2026 |  |
| Antier Solutions Pvt Ltd | Founded in 2011, Antier is a global team of 700+ Web3 specialists building trusted digital infrastructures for the decentralized economy. Since pivoting to blockchain in 2017, we have advanced the intersection of trust and intelligence - developing scalable solutions across stablecoins, real-world asset tokenization, exchanges, gaming, rollups, andunified smart accounts.Today, under the philosophy ‘Trust Empowering Intelligence’, we integrate blockchain and artificial intelligence to help enterprises, institutions, and innovators move value, verify integrity, and unlock intelligence across an increasingly connected world. | $3M | Venture - Series Unknown | May 07, 2026 |  |
| Beastlife | Beastlife specializes in providing nutrition and bodybuilding supplements. | $2.1M | Seed | Mar 26, 2026 |  |
| CanvaLoop Fibre | Canvaloop fibre is an organization focused on mainstreaming sustainability in the textile and fashion industry by creating alternative fibres, from hemp and other agricultural waste. | $1.4M | Venture - Series Unknown | Mar 17, 2026 |  |
| Aditi Toys | Aditi Toys is a leading maker of toys and has built a solid name in the toy business by producing safe, inventive, and high-quality toys that encourage play and creativity. | $3.9M | Venture - Series Unknown | Mar 10, 2026 |  |
| insideFPV | insideFPV is providing drones to Consumers, Agriculture and innovating drones for Defence for every altitude. About two years ago we set out on a mission to change the perspective of Indian customers towards drones. Our drones not only require any kind of licence to fly but can also be flown by anyone. OUR VISION - To become number one global dronemanufacturing brand. OUR MISSION At insideFPV, we are on a mission to open sky for all by giving accessibility and providing our customers affordable, user-friendly and best-in class drones. | $661.3K | Seed | Jan 19, 2026 |  |
| Magma | Magma platform partners with factories and raw materials suppliers to offer supply chain services from the supplier to the customer. | $3M | Series A | Dec 18, 2025 |  |
| Soleos | Soleos is a solar energy company that offers solar tracking, modules, ESS,and inverter products. | $12M | Venture - Series Unknown | Dec 11, 2025 |  |
| HRS Navigation | Surgical navigation is state of art technology used globally for making complex surgeries like brain, spine safer. It creates precise virtual 3D model of the patient from the CT/MRI data with all the information like tumor, blood vessels etc. It then provides real time visualization of surgeon’s instruments on the virtual 3D patient within 2millimeter accuracy. It then provides live guidance to surgeon like a GPS device to precisely reach area of interest and avoiding damage to critical area | $5M | Seed | Nov 12, 2025 |  |
| DOCO | Empower offline retail distributors by Data, ML/AI. We transform their network into a tech-enabled platform and unlock it for brands. | $507.9K | Pre-Seed | Nov 12, 2025 |  |

10 of 71 investments shown.

## Co-investors
- [Dholakia Ventures](https://shizune.co/investors/profile/dholakia-ventures) — VC Fund, 3 deals together
- [Unicorn India Ventures](https://shizune.co/investors/profile/unicorn-india-ventures) — VC Fund, 3 deals together
- [Bennett Coleman and Co Ltd](https://shizune.co/investors/profile/bennett-coleman-and-co-ltd) — VC Fund, 2 deals together
- [Capria Ventures](https://shizune.co/investors/profile/capria-ventures) — VC Fund, 2 deals together
- [Caspian Debt](https://shizune.co/investors/profile/caspian-debt) — VC Fund, 2 deals together
- [IIMA Ventures](https://shizune.co/investors/profile/ciie-iim-ahmedabad) — VC Fund, 2 deals together

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## FAQ

### What does GVFL invest in?

GVFL invests primarily in Manufacturing, Food and Beverage and Software startups, most often at Seed and Funding Round stage. Most of the 71 investments tracked by Shizune back companies in India. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### What is GVFL's check size?

GVFL typically joins rounds of $342k–$3M at Seed and $1.4M–$11M at Series A. These ranges are 10th–90th percentile round sizes calculated from confirmed public funding rounds, so they are a realistic guide to the rounds GVFL participates in.

### How do I contact GVFL?

Public channels for GVFL include LinkedIn and the website linked on this profile. For a verified work email and phone number, create a free Shizune account — contact data is searched across 20+ sources and validated before delivery, so your outreach lands in the right inbox.

### Who are the partners at GVFL?

The team at GVFL includes Bhagyesh Soneji (Director), Maheshwar Sahu (Director) and Mihir Joshi (CEO). The Team section lists each member with their title, investment count and links.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Aug 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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