Karnataka Semiconductor Venture Capital Fund (KARSEMVEN Fund) is a SEBI registered Venture Capital Fund having a corpus of Rs. 92.95 crore. The Fund proposes to undertake investments in companies catering to Semiconductor, Electronics System Design & Manufacturing (ESDM), Embedded Systems and such other allied sectors within the State of Karnataka. The Fund received commitment from State and Central Government firms/ institutions/ banks like Karnataka Biotechnology & Information Technology Services (KBITS), Small Industries Development Bank of India (SIDBI), CanBank Venture Capital Fund (from Electronic Development Fund, Govt. of India), Life Insurance Corporation of India (LIC), Union Bank of India (UBI), Canara Bank, Punjab National Bank, Andhra Bank and KSIIDC Ltd.
KARSEMVEN Fund undertakes investment in the range of Rs. 200 lakhs to Rs. 500 lakhs per company during the initial stage which can be enhanced upto Rs. 920 lakhs per company at a later stage / follow-on investment.
The investment in companies will be in the nature of equity, preference capital (convertible/ redeemable), debentures OR combination of any of the above instruments adhering to the guidelines issued by the Securities & Exchange Board of India (SEBI) from time-to-time. The typical investment horizon would be 3-5 years although lower periods would also be considered.
The Fund also has outside professionals who are persons of emminence in the field of industry, finance, management, science & technology etc. Many of these professionals have successfully led large companies in past and have entrepreneurial expertise in driving companies from idea stage to IPO/M&A. The Advisory (Investment Committee) Members of KARSEMVEN Fund inculde :-
|Smt C N Meena Nagaraj, IAS||MD, KITS|
|Dr. Sridhar Mitta||MD of e4e Business Solutions, former Technology head of Wipro|
|Shri B V Naidu||former Director, STPI, Govt. of India|
|Shri Mike Shah||former MD of Digital Equipments & Angel Investor|
|Shri S Devarajan||former MD of Cisco India and MD of TATA Elxsi|
|Shri Sanjay Anandaram||former Partner of VC Funds, Mentor to many Startups|
|Shri A R Jayakumar||Chief Executive Officer|
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