GVFL Ltd., formerly known as Gujarat Venture Finance Ltd., is the venture capital arm of Government of Gujarat specializing in seed and start-up financing, early stage, and growth capital to small to medium sized unlisted companies. It seeks to invest within the information technology, software development, media, telecommunication, m-commerce, education, manufacturing, biopharmaceuticals, agriculture biotechnology, marine biotechnology, environment biotechnology, bioinformatics, contract research, industrial biotechnology, and other potential areas in biotechnology, clean and green technology, infrastructure projects in industrial zones like SEZ, DMIC, SIR, GIFT, alternate energy like wind ...
1st Floor, Premchand House Annexe
B/h Popular House, Ashram Road
Ahmedabad, 380 009
Founded in 1990
Investor Reportedly Mulls Investment In Rays Power Experts
Feb 20 15
Blackstone Ventures Inc. (TSXV:BLV) and GVFL Ltd is reportedly seeking investment in Rays Power Experts Private Limited. “Rays Power Experts is in early-stage discussions with private equity firms to raise its first round of funding, estimated at INR 4 billion. Blackstone and Gujarat Venture Finance are among the risk capital investors in talks to invest in Rays Power Experts. A potential transaction could see the investors pick up as much as 25% ownership of the company, “according to sources. Rahul Gupta, Founder and Director of Rays Experts, declined to comment on the developments, as did Gujarat Venture Finance. "Blackstone does not comment on market speculation," a spokesperson for Blackstone wrote in an e-mailed response to Economic Times's questionnaire.