North East Venture Trust

Catalysing Northeast India's Startup Ecosystem.

Managed by NEDFi Venture Capital

IN/AIF1/16-17/0285Cat I

SEBI-encouraged funds — venture capital, SME, social-impact and infrastructure. Close-ended, generally unleveraged.

Overview

About

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.

Investment Philosophy

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.

Team— 1

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.

Registration

SEBI Registration

SEBI-registered

Reg. NumberIN/AIF1/16-17/0285

VintageDec 2016 · 9 yrs old

Valid ToPerpetual

AddressNEDFi House, G S Road Dispur, Guwahati, Assam, 781006

Investment Manager

Insights

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