Getfive Funds got SEBI approval on October 14 for its Rs 500-crore second fund. This Category I Alternative Investment Fund will invest in small and medium enterprises across India. Managed by Shrikant Goyal, the firm plans to support businesses in sectors like defence, manufacturing, healthcare, and technology from its offices.
Getfive Funds said on October 14 that it has received approval from the Securities and Exchange Board of India (SEBI) for Getfive Opportunity Fund II, a Category I Alternative Investment Fund with a target size of Rs 500 crore. The fund will invest in small and medium enterprises across India, including companies in tier II and tier III cities, the firm said in a statement. Its focus sectors will include defence, aerospace, manufacturing, healthcare, technology, financial services, consumer businesses, agriculture and renewable energy. The fund will be managed by Shrikant Goyal, managing director of Getfive Funds. It will assess companies based on their promoters, business fundamentals and industry growth prospects. Getfive's first fund, which has a target size of Rs 100 crore, has closed around Rs 61 crore so far, according to the statement. It was launched in December 2024 and achieved its first close in April 2025. The firm operates from Ahmedabad and Mumbai.