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Catalyzing entrepreneurship in Northeast India
North East Venture Trust (IN/AIF1/16-17/0285) is a SEBI-registered Category I AIF and the trust vehicle for the North East Venture Fund (NEVF), managed by NEDFi Venture Capital Limited (NVCL) — a wholly owned subsidiary of the North Eastern Development Finance Corporation Limited (NEDFi), headquartered at NEDFi House, G.S. Road, Dispur, Guwahati 781006. NEDFi is a Non-Banking Financial Company under the administrative control of the Ministry of Development of North Eastern Region (MDoNER), Government of India. NEVF was the first venture capital fund dedicated to Northeast India, registered with SEBI in December 2016 with a corpus of INR 100 crore. It achieved its first close with capital commitments of INR 75 crore in March 2017 and final close in March 2018. As of date, the fund has invested in 64–69 startups across the eight states of Northeast India, spanning sectors including agritech, healthtech, edtech, logistics, and consumer. Key portfolio companies include Terra-Blu, ERC Eye Care, Automovill Technologies, ParkingRhino, Pratyaksha AgroTech, QConnect, and Atvi Infotainment. NEDFi Venture Capital Limited also manages three other SEBI-registered funds: the Manipur Startup Venture Fund (INR 30 crore, co-financed by NEDFi and Manipur state government), and acts as fund manager for the NRL Ideation Angel Fund (INR 30–40 crore, a collaboration with Numaligarh Refinery Limited/NRL). The fund's input manager_name ('NRL Ideation Angel Fund') was a data error — that is a different fund managed by the same NVCL entity. The SEBI registration IN/AIF1/16-17/0285 = North East Venture Trust = North East Venture Fund.
NEDFi Venture Capital Limited's investment philosophy is centred on catalysing the startup and entrepreneurship ecosystem in Northeast India — backing sector-agnostic early and growth-stage companies in the eight North Eastern states with equity capital, mentorship, and network access. The fund recognises that the Northeast has the talent and ideas but lacks the access to formal risk capital, institutional networks, and market linkages available to founders in Bengaluru or Mumbai. NVCL's approach combines financial returns with a development finance mandate: supporting businesses that create employment, build regional supply chains, and contribute to the economic integration of the Northeast with mainstream India and Southeast Asia. The fund is backed by sovereign (MDoNER) and institutional (NEDFi) capital, giving it patient, long-term capital with a multi-decade investment horizon.
Prasanta Kumar Talukdar
Deputy General Manager (Investment), NEDFi Venture Capital Limited
Prasanta Kumar Talukdar leads the Investment Team at NEDFi Venture Capital Limited (NVCL). He has over 15 years of combined experience in equity investments and consulting in the developmental sector, including projects funded by multilateral agencies such as ADB and KfW. Prior to NEDFi, he worked with SMEC, a multinational consulting firm. He holds a Master's Degree in Agricultural Statistics from Assam Agricultural University and an MBA in Project Management from SMU. He serves as a board member at several NVCL portfolio companies including Symbiotic Foods, ParkingRhino, and Automovill Technologies. He is the SEBI-registered contact for the Manipur Startup Venture Trust.
PVSLN Murty
Chairman & Managing Director, NEDFi
PVSLN Murty is Chairman and Managing Director of NEDFi (North Eastern Development Finance Corporation Ltd.), which is the parent of NEDFi Venture Capital Limited. He is a former senior banker with the State Bank of India. Under his leadership, NEDFi has invested in 64+ startups and mentored over 1,000 young entrepreneurs across the Northeast, and has created three SEBI-registered venture capital funds.
Mrirani Sarmah
Deputy General Manager (Legal), NEDFi Venture Capital Limited
Mrirani Sarmah looks after the legal aspects of NVCL. She has 14 years of experience in documentation for equity and debt instruments, legal litigation, arbitration, and corporate law. She holds a Master's Degree in Commerce and a Bachelor's Degree in Law from Guwahati University and is also a qualified Company Secretary (intern).
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Rajiv Khaidem
Investment Team
Rajiv Khaidem is a member of the investment team at NVCL. He joined NEDFi in 2009 and has held roles including Branch Manager of NEDFi's Imphal Branch and Manager in the Project Finance Department. He holds an MBA in Finance & HR and has received specialized training from CRISIL, EDI, and NIBM.
Zaveer Zaman
Assistant General Manager, NEDFi Venture Capital Limited
Zaveer Zaman looks after investments at NVCL. He has more than 10 years of combined experience in equity and debt funding across sectors primarily in the North Eastern Region. He holds an MBA (Marketing & Finance) from Tezpur University and a B.Com (Hons) from Jamia Millia Islamia, New Delhi.
Siddhartha Lahkar
Manager, NEDFi Venture Capital Limited
Siddhartha Lahkar is part of the Investment Team at NVCL. He has more than 8 years of combined experience in equity and debt funding. He holds an MBA (Finance & HR) and a B.E. (Instrumentation).
Nickson Sharma
Investment Analyst, NEDFi Venture Capital Limited
Nickson Sharma is an Investment Analyst at NVCL with more than 4 years of combined experience in the entrepreneurial and startup ecosystem. Prior to joining NVCL, he worked with 91Springboard, Startup Tunnel, and Tracxn. He holds an MBA from Amity University/California State University and a B.E. in Electronics and Communication Engineering from VTU, Karnataka.