SIDBI Venture Capital

What SIDBI Venture Capital does

SIDBI Venture Capital Limited (SVCL) is a SEBI-registered venture capital fund manager incorporated in 1999 as a wholly owned subsidiary of SIDBI (Small Industries Development Bank of India), the government-backed apex financial institution for India's MSME sector. The firm invests across multiple thematic fund vehicles targeting startups, early-stage technology businesses, manufacturing SMEs, service entities, agri-businesses, financial inclusion companies, and export-oriented ventures, with aggregate fund corpus exceeding ₹3,000 crore. SVCL provides risk capital combined with strategic mentoring, board representation, and network access to portfolio companies throughout their growth lifecycle. The company does not operate technology products; its core capability is investment origination, due diligence, Investment Committee governance, and post-investment portfolio support across active funds.

SVCL's active fund portfolio spans the Antariksh Venture Capital Fund (₹1,005 crore targeting space technology companies in partnership with IN-SPACe), the Atmanirbhar Start-up Venture Fund (sector-agnostic, focused on climate action, deep-tech, digital economy, pharma, agri-tech), state-specific Category I AIFs for Assam and Tripura, and the Ubharte Sitaare Fund co-sponsored with EXIM Bank India for export-oriented ventures. The firm generates revenue through management fees on assets under management and carried interest from successful portfolio exits — historical track record includes a 30% IRR exit from TRRS Imaging Limited (2003) and 150% profit from ECAD Technologies Limited (2005). Distribution is relationship-driven: companies submit business plans via fund-specific email channels, undergo preliminary assessment and detailed due diligence including site visits and reference checks, with promoter presentations to an Investment Committee; the typical investment cycle runs 8-12 weeks.

The firm distributes investment services through a direct relationship model rather than traditional marketing channels, supported by a professional website and LinkedIn/X/Instagram presence. SVCL's competitive position is anchored in its institutional parentage (SIDBI, a statutory body), sovereign fund co-sponsors (IN-SPACe, EXIM Bank, multiple state governments), SEBI registrations across multiple AIF categories, and a 25-year operating history with demonstrated exit returns. The company's strategic direction has shifted meaningfully from purely SME/IT-focused early funds (NFSIT 1999, SME Growth Fund 2004) toward sector-diversified thematic and geographic mandates, including frontier verticals like space technology and underserved northeastern Indian states.

Name

SIDBI Venture Capital

Legal name

SIDBI Venture Capital Limited

Website

https://sidbiventure.co.in

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

11–50 employees

Short description

SIDBI Venture Capital Limited is a SEBI-registered venture capital fund manager and wholly owned subsidiary of SIDBI, managing thematic and state-specific funds targeting Indian MSMEs, startups, and technology companies, with aggregate corpus exceeding ₹3,000 crore.

Ownership category

akta.pro rank

Product category

Venture Capital Fund Management

NAICS

Portfolio Management and Investment Advice (523940), Funds, Trusts, and Other Financial Vehicles (525), Other Investment Pools and Funds (5259)

SIC

Miscellaneous Business Credit Institution (6159), Investment Advice (6282)

akta.pro primary industry

Venture Capital Fund-of-Funds / Multi-Manager Platforms (FSANAAAJ)

akta.pro secondary industry

Corporate Strategic Real Assets & Infrastructure Venture Investing (FSANAHAN)

Keywords

• Venture capital funding
• MSME equity investment
• Alternative investment funds
• Startup growth capital
• Fund management services

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Others

Revenue model

1. Fund Management Fees: SVCL earns management fees from managing various venture capital funds with different themes including startups, early-stage technology businesses, manufacturing SMEs, service entities, agri-businesses, and financial inclusion companies.
2. Carried Interest: Returns generated from successful exits of portfolio companies through IPO, strategic sale, mergers and acquisitions, or buyback mechanisms.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

SIDBI Venture Capital Limited (SVCL) manages a portfolio of SEBI-registered venture capital and alternative investment funds, providing equity and equity-related investments to MSMEs, startups, and early-stage technology businesses across India. The firm offers post-investment support including board representation, networking, management mentoring, and assistance in attracting subsequent funding rounds. SVCL's active funds cover space technology (Antariksh), state-focused startup ventures (Assam, Atmanirbhar, Tripura), and export-oriented businesses (Ubharte Sitaare), with an aggregate corpus exceeding ₹3,000 crore.

Product overview

SIDBI Venture Capital Limited (SVCL) is an investment management company and wholly owned subsidiary of SIDBI, offering a portfolio of venture capital and alternative investment funds. The company manages both active and past funds spanning multiple sectors including space technology (Antariksh Venture Capital Fund), state-specific startup funds (Assam, Tripura, Atmanirbhar), export-oriented growth (Ubharte Sitaare Fund), and historical funds (NFSIT, SME Growth Fund, India Opportunities Fund, Samridhi Fund, TEX Fund, West Bengal MSME VC Fund, Maharashtra State Social Venture Fund). The active fund portfolio includes the space-focused Antariksh Fund, three state-specific startup funds, and the export-promoting Ubharte Sitaare Fund. SVCL provides venture capital financing to MSMEs across various themes including startups, early-stage technology businesses, manufacturing SMEs, service entities, agri-businesses, and financial inclusion companies.

Differentiator

Problem solved

Functional benefit

Brands

• Antariksh Venture Capital Fund: SEBI registered Category II AIF providing capital to space sector companies with TRL 4 and above.
• Assam Start-up Venture Capital Fund
• Atmanirbhar Start-up Venture Fund
• Tripura Start-up Venture Capital Fund
• Ubharte Sitaare Fund

Products and services

• Antariksh Venture Capital Fund A SEBI-registered Category II Alternative Investment Fund focused on the Indian space sector. The fund provides capital to space tech companies at various stages of development, supporting satellite technology, launch systems, and space-enabled applications. It is co-developed with IN-SPACe as the key investor with a corpus of ₹1,005 crore.
• Assam Start-up Venture Capital Fund A Category I AIF - Venture Capital Fund that invests in scalable business ventures, innovative business models, and new products in start-ups, and early/growth stage MSMEs based in Assam. First investment made in Zerund Manufacturing Private Limited.
• Atmanirbhar Start-up Venture Fund A Category I AIF - Venture Capital Fund focused on investing in scalable and sustainable start-ups with potential for economic, social, and environmental benefits, targeting sectors like climate action, deep-tech, digital economy, pharma, and agri-tech.
• Tripura Start-up Venture Capital Fund A Category I AIF - Venture Capital Fund investing in scalable business ventures, innovative business models, and new technologies in start-ups and early/growth stage MSMEs based in Tripura.
• Ubharte Sitaare Fund A Category II AIF focused on identifying and investing in manufacturing and service ventures with potential to become champion exporters through technology upgradation, product development, business strategy, and market development. Co-sponsored by SIDBI and EXIM Bank. Investments include Covalense Digital Solution (₹25 crore), Nourish You (₹16 crore), Vahdam India (₹25 crore), OmniBRx Biotechnologies (₹30 crore), and Serosoft Solutions (₹30 crore).
• National Venture Fund for Software and IT Industry (NFSIT) The first fund launched by SVCL in 1999, set up by SIDBI in association with the Ministry of Information Technology with a corpus of Rs. 1000 million. The fund focused on meeting total fund requirements of software and IT companies, particularly small enterprises. The fund is fully divested.
• SME Growth Fund An 8-year venture capital fund with a targeted corpus of ₹500 crore registered with SEBI as a Venture Capital Fund, making primarily equity or equity-related investments in growth-oriented businesses in the SME sector. The fund is fully invested.
• India Opportunities Fund (IOF) A SEBI-registered Venture Capital Fund structured as a unit scheme making primarily equity or equity-related investments in growth-oriented businesses established in India, seeking attractive risk-adjusted returns through long-term capital appreciation. Fully invested.
• Samridhi Fund A Category I Social Venture Fund co-sponsored by FCDO (UK) and SIDBI, providing capital to social enterprises delivering both financial and social returns in Bihar, Uttar Pradesh, Madhya Pradesh, Odisha, Chhattisgarh, Jharkhand, Rajasthan, and West Bengal.
• TEX Fund A Category I SME Fund close-ended fund with 7-year life established in June 2014, registered with SEBI under AIF Regulations, focused on development of powerloom and related textile sectors.
• West Bengal MSME VC Fund A Category I Venture Capital Fund close-ended fund with 6-year life established in November 2015, registered with SEBI as a Venture Capital Fund for West Bengal MSMEs.
• Maharashtra State Social Venture Fund (MS Fund) A Category I AIF Social Venture Fund established on September 15, 2015 as a close-ended unit scheme, registered with SEBI as a Social Venture Fund for Maharashtra.

Quantifiable outcome

• 30% IRR generated from first exit (TRRS Imaging/Indecomm) within under 3 years
• +3 more outcomes

Named customers9 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators7 records

Recent moves10 records

Expansion highlights6 records

Emerging players

• Blume Ventures: Blume Ventures is an early-stage Indian VC fund investing across consumer internet, deep-tech, and fintech sectors — directly comparable to SVCL's early-stage tech investing focus through Atmanirbhar and Antariksh funds, with a faster-decision private fund model.
• Kalaari Capital: Kalaari Capital is an early-stage venture capital firm actively investing in India's spacetech sector alongside SVCL's Antariksh Fund — a direct competitor for the same space tech startups, with a faster private-VC decisioning model and larger follow-on capability.
• Chiratae Ventures: Chiratae Ventures (formerly IDG Ventures India) is a leading independent VC firm investing in early- and growth-stage technology startups in India — comparable as a competitor in early-stage Indian VC deals, particularly in deep-tech and digital economy sectors where SVCL's funds (Atmanirbhar, Antariksh) also deploy.

Broad incumbents

• SIDBI (Small Industries Development Bank of India): SIDBI is SVCL's parent organization and India's apex MSME financing institution. While not a direct peer (it is the parent), SIDBI's broader MSME financing operations form the institutional backdrop against which SVCL's VC operations are run.
• ICICI Venture: ICICI Venture is the PE/VC arm of ICICI Bank, one of India's largest private-sector banks. It is comparable as a bank-affiliated institutional VC manager, though substantially larger and operating with broader sector mandate than SVCL.
• NIIF (National Investment and Infrastructure Fund): NIIF is a government-backed investment platform managing multiple funds across infrastructure and strategic sectors — comparable as a sovereign-backed fund management platform, though with a larger infrastructure focus rather than MSME/VC.

Direct peers

• IFCI Venture Capital Funds: IFCI Venture Capital is a government-backed (IFCI Ltd) venture capital fund manager in India operating multiple thematic funds for startups and MSMEs — directly comparable to SVCL in structure, government parentage, and investment focus.
• GVFL Limited: GVFL (formerly Gujarat Venture Finance) is one of India's oldest VC firms (est. 1990) and an early SEBI-registered AIF manager focused on early-stage and growth investments — closely comparable in vintage, scale, and sector focus to SVCL.
• Canbank Venture Capital Fund: Canbank Venture Capital Fund is the VC arm of Canara Bank, a public-sector bank, operating as a SEBI-registered venture capital fund with similar government-institution backing and SME/startup investment focus as SVCL.

Regional players

• KITVEN (Karnataka IT Venture Fund): KITVEN is a Karnataka state-backed venture capital fund that has co-invested with SVCL (notably on the ECAD Technologies exit) — a comparable state-level VC vehicle focused on early-stage technology investments.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/sidbiventure
• LinkedInlinkedin.com/company/sidbi-venture-capital-limited
• Instagraminstagram.com/sidbi_venture?utm_source=qr

Revenue estimate

Valuation estimate

Number of profiles

Profiles9 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments77 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about SIDBI Venture Capital