Funding Success Story : How KVGAI Tech Got ₹5 Lakh Seed Fund Approval

Every startup begins with a dream but only a few turn that dream into a funded reality. Today, we bring you an inspiring funding success story of KVGAI Tech Pvt Ltd, a young tech company that successfully secured ₹5,00,000 Seed Fund under a Government Scheme for New Business with the expert support of StartupFlora.

This story proves that with the right idea, the right documents, and the right guidance, even early-stage startups can unlock MSME funding and government grants for startups.

About KVGAI Tech Pvt Ltd

KVGAI Tech works in the field of IT and computer service activities, developing technology solutions that help businesses and consumers improve digital efficiency.

Their core focus areas include:

• IT consulting
• Software support services
• Digital solutions for SMEs
• Customized IT services for businesses
• Computer service activities

Even as a young company, KVGAI Tech has shown strong potential to grow into a major tech service provider in North India.

Founders Behind the Vision: Anubhav Elhence & Harshit Saraf

KVGAI Tech was founded by two aspiring entrepreneurs:

1. Anubhav Elhence

Driven by a passion for technology, innovation, and scalable IT solutions, Anubhav brings strong technical understanding and business clarity to the company.

2. Harshit Saraf

Harshit strengthens the startup with operational insight, strategic development, and a commitment to helping small businesses adopt digital solutions.

Together, they form a powerful team working to build a future-ready tech company.

Why KVGAI Tech Needed Funding

Like many early-stage tech startups, KVGAI Tech needed funding to:

• Upgrade digital tools and software infrastructure
• Build a strong technical team
• Invest in product development
• Acquire new clients
• Strengthen operations
• Improve market presence

To achieve these goals, they required early-stage capital—and this is where MSME funding and government grants for startups became the right opportunity.

Choosing the Government Seed Fund Scheme

The founders identified the Government Seed Fund Scheme as the best fit because:

• It supports new startups financially
• It offers non-dilutive capital (no equity loss)
• It is designed for innovative businesses
• It gives MSMEs a strong push at the early stage
• It is ideal for tech startups needing initial stability

This made the scheme a perfect launchpad for KVGAI Tech.

StartupFlora’s Role: Complete Guidance for a Smooth Funding Journey

Applying for government grants for startups can be difficult, as it requires perfect documents, proper business planning, and professional preparation.

StartupFlora supported KVGAI Tech with:

✔ Financial Document Preparation

Clear projections, revenue planning, and cost sheets.

✔ Pitch Deck Development

A powerful and clean pitch that impressed evaluators.

✔ Application Assistance

Error-free filing as per government requirements.

✔ Government Scheme Guidance

Ensuring the startup matched the criteria perfectly.

✔ Interview Preparation

Mock sessions to prepare the founders for final evaluation.

This expert support made KVGAI Tech’s funding success story smooth and successful.

The Funding Process: How KVGAI Tech Secured ₹5,00,000

Here’s the step-by-step journey:

1. Startup eligibility check

Understanding the correct category: IT services under MSME.

2. Document preparation

Financials, business plan, pitch deck.

3. Online application submission

Submitted through the government startup portal.

4. Screening & evaluation

The committee reviewed the business model and documents.

5. Founder interview

Anubhav and Harshit presented their vision confidently.

6. Grant Approval

₹5,00,000 sanctioned as Seed Funding.

This became a proud StartupFlora success story.

Impact of Funding: Boosting KVGAI Tech’s Growth

The ₹5 Lakh Seed Fund will help KVGAI Tech:

• Strengthen tech infrastructure
• Build innovative software services
• Hire skilled IT professionals
• Expand digital solutions
• Improve service quality
• Increase market reach
• Build long-term stability

This funding will support the company in becoming a strong IT service provider in India.

Conclusion

KVGAI Tech’s achievement proves that:

• Right guidance
• Strong documentation
• Clear vision
• And persistence

can help any startup secure MSME funding and government grants for startups.

This story is a reminder that government schemes for new businesses are powerful tools for early-stage founders. KVGAI Tech’s success will inspire many new entrepreneurs to apply for startup funding online and turn their ideas into real businesses.

FAQs

1. What is KVGAI Tech Pvt Ltd?

It is an IT service and computer solutions startup based in Lucknow, offering digital and software support services.

2. How much funding did KVGAI Tech receive?

The company received ₹5,00,000 Seed Fund through a government startup funding scheme.

3. Who are the founders of KVGAI Tech?

The company is founded by Anubhav Elhence and Harshit Saraf.

4. How did StartupFlora help in getting the funding?

StartupFlora prepared documents, pitch deck, filing, and interview training needed for the government grant approval.

5. What will the funding be used for?

The ₹5 Lakh will be used for infrastructure, team building, software upgrades, and expansion of IT services.