Northeast Venture Fund ( NEVF )

What Northeast Venture Fund ( NEVF ) does

NEDFi Venture Capital Limited (NVCL), operating under the brand Northeast Venture Fund (NEVF), is a SEBI-registered Category I Alternative Investment Fund manager incorporated on 2 August 2016 as a wholly-owned subsidiary of North Eastern Development Finance Corporation Limited (NEDFi), a Public Financial Institution and RBI-registered NBFC. Headquartered in Guwahati, Assam, NVCL manages three venture capital funds — the flagship North East Venture Fund (Rs. 100 Crore corpus), the Manipur Startup Venture Fund (Rs. 30 Crore corpus, in partnership with the Department of Planning, Government of Manipur), and the NRL Ideation Angel Fund (Rs. 35 Crore corpus, sponsored by Numaligarh Refinery Limited) — collectively aggregating Rs. 165 Crores of committed capital directed at DPIIT-recognized early-stage startups across India's North Eastern Region.

The firm's core product is capital allocation through equity, convertible preference shares, and debentures, with investment tickets ranging from Rs. 10 lakhs (MSVF) up to Rs. 10 crores (NEVF) and Rs. 7.50 crores (NRL IAF). Beyond capital, NVCL positions itself as a hands-on ecosystem partner providing mentoring, strategic inputs, and "hand-holding" support to portfolio founders. Deal sourcing operates through a dedicated registration portal, direct email submission, annual Startup Investment Fest programs, and regional events such as Destination North East. The customer base comprises early-stage entrepreneurs and DPIIT-recognized startups domiciled in the eight states of North East India.

NVCL's business model is a fund management model rather than a product-pricing model: revenue derives from management fees on committed capital and, ultimately, carried interest from portfolio exits. The firm does not charge customers per-transaction fees and discloses no revenue figures. Ownership and sponsor concentration is high — NEDFi (the parent), Ministry of DoNER, the Government of Manipur, and Numaligarh Refinery Limited together constitute the principal capital providers — which aligns the firm with regional development policy objectives rather than purely commercial return optimization.

Name

Northeast Venture Fund ( NEVF )

Legal name

NEDFi Venture Capital Limited

Website

https://nedfiventure.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

NEDFi Venture Capital Limited (NVCL) is a SEBI-registered Category I venture capital fund manager and wholly-owned subsidiary of NEDFi, managing Rs. 165 Crores across three funds that provide equity and convertible debt to DPIIT-recognized early-stage startups in India's North Eastern Region.

Ownership category

akta.pro rank

Product category

Venture Capital / Private Equity

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)

SIC

Investors, Nec (6799), Finance Services (6199)

akta.pro primary industry

Joint Venture CVC / Consortium Funds (Multi-corporate) (FSANAHAE)

akta.pro secondary industry

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

Keywords

• Venture capital fund
• Startup equity financing
• Early-stage investing
• Angel fund management
• Government-backed venture fund

Headquarters

HQ city

Guwahati

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations

Revenue model

1. Investment Returns: NVCL generates returns through equity investments, convertible preference shares, and debentures in early-stage startups across the North Eastern Region. Returns are realized through capital appreciation and exits from portfolio companies.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

NEDFi Venture Capital Limited (NVCL) operates as an Investment Manager to Venture Capital Funds, deploying equity, convertible preference shares, and debentures into early-stage startups and entrepreneurs in India's North Eastern Region. The company manages three Category I SEBI-registered venture capital funds — North East Venture Fund (Rs. 100 Crore corpus), Manipur Startup Venture Fund (Rs. 30 Crore corpus), and NRL Ideation Angel Fund (Rs. 35 Crore corpus) — providing capital alongside mentoring and hand-holding support to DPIIT-recognized startups.

Product overview

NEDFi Venture Capital Limited (NVCL) operates as an Investment Manager for venture capital funds, managing three distinct Category I Venture Capital Funds targeting different startup ecosystems in India's North Eastern Region. The primary fund is the North East Venture Fund (NEVF) with Rs. 100 Crores corpus, supplemented by the Manipur Startup Venture Fund (MSVF) at Rs. 30 Crores and the NRL Ideation Angel Fund (NRL IAF) at Rs. 35 Crores. These funds collectively invest in equity and equity-related instruments across early to growth-stage startups, providing capital along with mentoring and strategic support to promote entrepreneurship in the region.

Differentiator

Problem solved

Functional benefit

Brands

• North East Venture Fund (NEVF): Category I Venture Capital Fund with corpus of Rs. 100 Crores targeting startups in the North Eastern Region of India. Investment instruments include equity, convertible preference shares, and debentures. Investment size ranges from Rs. 25 lakhs to Rs. 10 crores.
• Manipur Startup Venture Fund (MSVF)
• NRL Ideation Angel Fund (NRL IAF)

Products and services

• North East Venture Fund (NEVF) Category I SEBI-registered Venture Capital Fund with a Rs. 100 Crore corpus that invests in equity, convertible preference shares, and debentures in DPIIT-recognized startups in the North Eastern Region of India. Investment sizes range from Rs. 25 lakhs to Rs. 10 crores. Targeted at innovative startups and entrepreneurs with strong management teams, sustainable growth models, and realistic exit potential.
• Manipur Startup Venture Fund (MSVF) Category I SEBI-registered Venture Capital Fund with a Rs. 30 Crore corpus that invests in equity, preference shares, and convertible notes in DPIIT-recognized and Government of Manipur-recognized startups founded by domicile Manipur entrepreneurs. Investment sizes range from Rs. 10 lakhs to Rs. 3 crores.
• NRL Ideation Angel Fund (NRL IAF) Category I SEBI-registered Venture Capital Angel Fund with a Rs. 35 Crore corpus that provides angel funding through equity and convertible instruments to DPIIT-recognized startups with scalable business models, significant growth potential, and sustainable competitive advantage. Investment size up to Rs. 7.50 crores.

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Department of Planning, Govt. of ManipurcoreStrategic or Co-development Partner · 1 January 2023Nodal agency for Manipur Startup Venture Fund (MSVF), a Rs. 30 crore fund managed by NVCL. Government-recognized startups in Manipur are eligible for funding through this partnership.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Startup India (DPIIT): Government of India flagship initiative for startup ecosystem development, under which NEVF-eligible startups must be DPIIT-recognized. Comparable as the broader federal framework that defines NVCL's investable universe and target segment.
• North Eastern Development Finance Corporation (NEDFi): Parent and sponsor of NEVF; an RBI-registered NBFC providing project finance across NER India. Comparable as the developmental finance institution whose branch network and 21+ year relationships underpin NVCL's deal flow and ecosystem position.

Direct peers

• Mumbai Angels: India's first angel investor network, focused on early-stage Indian startups across sectors. Comparable to NEVF as an early-stage investor platform, though privately organized and pan-India rather than NER-restricted.
• 100X.VC: India-focused micro-VC and curated angel fund investing in early-stage Indian startups. Comparable to NEVF in its early-stage, India-focused investment thesis and ticket-size range.
• GVFL Limited: One of India's earliest SEBI-registered venture capital firms, sponsored by Gujarat government and financial institutions. Comparable to NEVF as a state-affiliated VC platform with similar fund-of-funds structure and developmental mandate alongside financial returns.
• SIDBI Venture Capital Limited (SVCL): Government-backed (under SIDBI) venture capital fund manager focused on early-stage MSMEs and startups across India. Directly comparable to NEVF as a public-sector-affiliated VC platform deploying government-sponsored capital into underserved founder segments.
• India Angel Network (IAN): One of India's largest angel networks investing in early-stage startups. Comparable to NEVF as a source of seed/angel capital for Indian founders, though geographically broader and privately funded rather than government-sponsored.
• Unicorn India Ventures: Early-stage India-focused VC fund investing in seed and Series A rounds. Comparable to NEVF as a SEBI-registered venture capital fund targeting Indian early-stage startups with similar ticket sizes.

Emerging players

• CIIE.CO (IIM Ahmedabad): Early-stage VC fund affiliated with IIM Ahmedabad supporting Indian startups. Comparable to NEVF as an institutional VC platform with developmental orientation, though focused on pan-India rather than a single region.

Regional players

• Kerala Financial Corporation (KFC) Venture Fund: State-backed VC initiative in Kerala supporting regional startups through state-sponsored capital. Comparable to NEVF as a government-anchored regional VC fund serving a specific Indian state's startup ecosystem.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

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

Investments26 records

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

Frequently asked questions about Northeast Venture Fund ( NEVF )