Govt's Startup Fund to Get $430 Million Boost
Launched in 2016 by government of India, the Rs 10,000 crore startup�fund is set to get further boost with ? 3,000 crore (~ US$430 million approx ) in financing lined up, reported Economic Times citing people with knowledge of the matter. Besides this, an additional ? 16,680 crore i.e. over US$1 billion of funding
- Launched in 2016 by government of India, the Rs 10,000 crore startup fund is set to get further boost with ₹ 3,000 crore (~ US$430 million approx ) in financing lined up, reported Economic Times citing people with knowledge of the matter.
- Managed by Small Industries Development Bank of India (Sidbi), the Startup Fund-of-Funds makes downstream investments in venture capital (VC) and alternative investment funds (AIF) that in turn invest in startups across various segments.
- According to the latest government data, these VC funds have investments in 240 start-up ventures.