Canbank Venture Capital Fund

Canbank Venture Capital Fund (CVCF) is India's first and only public sector bank-sponsored venture fund, established on October 21, 1989 by Canara Bank as a trust. Headquartered in Bangalore, the Investment Manager — Canbank Venture Capital Fund Limited — is a wholly owned subsidiary of Canara Bank. Over more than three decades, CVCFL has managed six direct venture capital funds with a combined corpus of INR 790 crore, plus the Electronics Development Fund with an additional INR 927 crore corpus, bringing total funds under management to over INR 1,000 crore (approximately $120 million). The firm invests across Seed through Series B stages, with typical checks of $500,000 to $3 million. The portfolio encompasses 100-plus investments across 40 active companies, spanning software, fintech, AI and deep tech, healthtech, hardware and robotics, cleantech, education, and agritech. A team of 17 professionals — including eight partners and seven principals — evaluates opportunities against a standard of established technological or market positioning edges with strong growth potential. As a pioneering institution in India's venture ecosystem, Canbank Venture Capital Fund has played a structurally important role in channeling public sector capital toward innovation. The firm maintains high standards of governance and transparency, generating risk-adjusted returns while supporting the development of technology-driven businesses that align with India's broader industrial and economic priorities.