# Karnataka Asset Management Company

Karnataka Asset Management Company is a Venture Capital / Private Equity based in Bengaluru, India.

## Overview

- **Organization type:** Venture Capital / Private Equity
- **Headquarters:** Bengaluru, India
- **Region:** Asia
- **Address:** Bengaluru, India
- **Assets under management:** Undisclosed
- **Website:** www.kitven.in
- **LinkedIn:** linkedin.com/company/kitven-fund

## Regulatory record

- **Reports private funds:** No

## About

Karnataka Asset Management Company Private Limited (KAMCO) is the manager of the KITVEN venture capital funds. It is promoted by KSIIDC, KSFC and SIDBI and manages Venture Capital Funds focused on encouraging entrepreneurship in the State of Karnataka. The funds provide long-term patient capital to early and growth stage startups in specific focus areas so they can build competitive products and solutions.

## People

- P V Harikrishnan — Chief Executive Officer
- B Manish Kumar — Vice President
- Khushboo Goel Chowdary — IAS, Board of Directors
- S S Nakul — IAS, Board of Directors
- Rahul Sharanappa Sankanur — Board of Directors
- S Sreepathy — Board of Directors
- Chidananda S Vatare — Board of Directors
- Dr Vishal R — IAS, Board of Directors
- Dr M S Babu — Independent Director
- Vinod Kalkotwar — Independent Director

## Questions

### What investment stages does KITVEN target?

The fund invests across a wide spectrum, from early-stage startups through expansion and growth-stage rounds, and retains a distinct mandate for turnaround situations. This multi-stage flexibility is unusual for a state-backed vehicle and means KITVEN can engage with a company at the seed phase and follow on through later rounds, provided the enterprise maintains a significant nexus to Karnataka.

### How does KITVEN compare to private venture capital firms operating in Bengaluru?

KITVEN operates with a smaller deployment pool than the large private venture funds active in the city, and its investment pace is tied to state budgetary cycles rather than closed-end fund dynamics. Its public-policy mandate means it will consider sectors and stages—including industrial turnarounds—that return-focused private VCs often avoid, acting as a patient capital complement to the region's conventional venture ecosystem.

### Does Karnataka Asset Management Company participate in fund-of-funds commitments?

No. The firm makes direct equity investments into portfolio companies. This direct-deployment model aligns with its state mandate to take direct stakes and maintain close oversight of enterprises, rather than acting as a limited partner in other private funds. The approach gives the government a direct line of sight into the companies it supports.

## Related profiles

- [Karmijn Kapitaal](https://altss.com/profile/karmijn-kapitaal)
- [Karnell](https://altss.com/profile/karnell)

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Last updated: 2026-08-11T15:07:12.582Z

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