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NEW DELHI: Venture capital company Gujarat Venture Finance Ltd (GVFL) has said it would invest Rs 4 crore in ConvergeLabs, a US and Gurgaon-based service provider of wireless network services and mobile commerce solutions.

"GVFL's investment will be utilised for scaling up ConvergeLabs' network service projects and also setting up advanced development centre for the m-commerce business," said the company's CEO, Mr Vishnu Varshney, in a statement.

Gujarat Venture's investment in ConvergeLabs will be in the form of equity and equity linked instruments.

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