Venture Fund
This Venture Fund is best matched with the Maharashtra Innovation and Technological Development Fund (MITDF), a SEBI-registered Category I venture capital fund managed by IDBI Capital and linked with Maharashtra’s startup ecosystem. It targets innovative Maharashtra-based ventures in sectors of strategic relevance and can provide equity capital for scale-up. Growthora can support eligibility review, document planning and application/investor-readiness preparation, while final selection and funding remain with the programme operator, lender or investor.
About this Service
This Venture Fund is best matched with the Maharashtra Innovation and Technological Development Fund (MITDF), a SEBI-registered Category I venture capital fund managed by IDBI Capital and linked with Maharashtra’s startup ecosystem. It targets innovative Maharashtra-based ventures in sectors of strategic relevance and can provide equity capital for scale-up. Key support under this route includes Equity investment of up to approximately INR 5 crore under the Growthora-listed route, subject to investment appraisal. Institutional investment support rather than a repayable grant. Access to professional due diligence, governance and growth support. Typical applicant fit includes the following: DPIIT-recognised Private Limited Company is typically preferred under the listed route. Company should be based in Maharashtra and satisfy the fund’s investment mandate. Applicants should build the proposal around measurable milestones, a realistic budget, evidence of market or beneficiary need, and a clear implementation or growth plan. Where the route is an equity fund or lender product, due diligence, valuation/credit assessment and negotiated terms apply; where it is a grant or accelerator, selection remains competitive and milestone-based. Growthora can help organise the application pack, pitch/deck, projections, DPR or impact narrative and pre-submission review.
Key Benefits
- Equity investment of up to approximately INR 5 crore under the Growthora-listed route, subject to investment appraisal.
- Institutional investment support rather than a repayable grant.
- Access to professional due diligence, governance and growth support.
- Focus on innovation-led sectors relevant to Maharashtra.
- Potential credibility and follow-on capital benefits from an institutional investor.
Eligibility Criteria
- . Founder should generally be 25 years of age or below, subject to the active cohort rules.
- .Applicant should be building an early-stage, high-potential startup or venture with a clear problem-solution fit.
- .Founder should be meaningfully involved in building the business and able to demonstrate commitment to execution.
- .Business should show innovation, scalability, market potential or a differentiated approach.
- .Final selection is cohort-based and depends on application quality, founder strength and programme evaluation.
Documents Required
- Certificate of incorporation, DPIIT recognition and cap table.
- Founder/director KYC and profiles.
- Investor pitch deck and detailed business plan.
- Historical financials, projections and unit economics.
- Product/technology, IP, customer and traction evidence.
- Legal, secretarial, tax and due-diligence data room documents.
Frequently Asked Questions
What is the timeline for Venture Fund?
The standard timeline depends on government processing, typically ranging from a few days to a few weeks.
What documents are required?
Standard KYC documents (Aadhaar, PAN, Address Proof) and business entity documents are required.
What is Venture Fund?
This Venture Fund is best matched with the Maharashtra Innovation and Technological Development Fund (MITDF), a SEBI-registered Category I venture capital fund managed by IDBI Capital and linked with Maharashtra’s startup ecosystem. It targets innovative Maharashtra-based ventures in sectors of strategic relevance and can provide equity capital for scale-up.
What funding or support is available under Venture Fund?
Equity investment of up to approximately INR 5 crore under the Growthora-listed route, subject to investment appraisal. Institutional investment support rather than a repayable grant. Access to professional due diligence, governance and growth support.
Who can apply for Venture Fund?
DPIIT-recognised Private Limited Company is typically preferred under the listed route. Company should be based in Maharashtra and satisfy the fund’s investment mandate. Venture should demonstrate innovation, scalable economics, credible management and an exit pathway.
How can Growthora help with the Venture Fund application?
Growthora can help with eligibility review, document planning, pitch deck / DPR / proposal preparation, milestone and budget structuring, financial projections, application drafting and pre-submission review. Final approval, investment, grant or loan sanction remains with the relevant authority, lender, incubator or investor.
Conclusion
Venture Fund can be useful for applicants whose stage, entity structure, sector and funding need align with the programme. Before applying, confirm the live guidelines, current application window and exact financing instrument. A strong application should combine eligibility proof, a clear problem-solution narrative, credible milestones, realistic financials and complete documentation. Growthora can support preparation and review, but approval, investment, loan sanction or grant selection is decided solely by the relevant authority, lender, incubator or investor
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Venture Fund
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