SVCL has been at the forefront of industry-defining venture funds, driving growth from early inflection points to maturity.

The first fund raised and exited by SVCL, the National Venture Fund for Software and Information Technology Industry (NFSIT), was launched by the Hon'ble Prime Minister of India, Shri Atal Bihari Vajpayee, on December 10, 1999. This fund focused on investing in IT/ITES companies at a crucial turning point in their growth journey. Over the years, it played a pivotal role in supporting innovative businesses, including notable success stories such as Indiaideas.com Limited (BillDesk) and Manthan Software Services Limited (now Algonomy).

Despite facing significant global challenges, including the dot-com crash, 9/11, and the economic slowdown of 2008-2009, NFSIT successfully navigated these hurdles, delivering positive outcomes and reinforcing the potential of venture capital funding for startups and early-stage companies in India. Throughout its journey, SVCL has actively championed the venture capital ecosystem, collaborating with key industry bodies like the Indian Venture Capital Association and the Electronics & Software Export Promotion Council.

As the saying goes, “ Once is an accident, twice is a coincidence, and beyond is a pattern .” SVCL continues to build on this legacy, fostering the next wave of industry leaders.