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Recognizing the potential
of RFID technology and RapidRadio's expertise in the technology, GVFL Ltd.
(formerly Gujarat Venture Finance Limited) has invested Rs. 8 million and
has shown interest to invest more in coming future to support RapidRadio
on its success path. The funding will support our rapid growth plans and help
us in expansion of our product range |
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GVFL Ltd. (formerly Gujarat Venture Finance Limited)
is widely regarded as the pioneer of venture capital in India.
GVFL Ltd. is an independent, board-managed, autonomous venture
finance company based at Ahmedabad, Gujarat (India). |
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Started in 1990 at a World Bank initiative under the
aegis of Gujarat Industrial and Investment Corporation
(GIIC), GVFL Ltd. is a 'classical' venture capital
company focused on funding small and medium
technology-based enterprises. |
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Over the past 16 years, GVFL Ltd. has raised five
Venture Capital Funds with a cumulative corpus of
Rs. 1316.20 million and is currently in the process
of raising a SME Fund. These funds are invested in 59
companies across the country, which are systematically
provided financial and managerial support by GVFL Ltd.
Today, GVFL Ltd. has divested from 50 out of 59 invested companies over past 16 years.
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For more details kindly visit their website,
www.gvfl.com. |
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