Startup fund to get Rs 3,000 crore financing boost - ET Retail

Startup fund to get Rs 3,000 crore financing boost - ET Retail

  • India's flagship startup fund is set to get into high gear after a slow start with Rs 3,000 crore in financing lined up, said people with knowledge of the matter.
  • Apart from this, funding commitments from long-term partners are being secured to the tune of Rs 16,680 crore, which can help accelerate deployment to startups.
  • “Disbursements have taken off,” said an official with knowledge of the fund’s activity.
  • Fostering startups was identified by the government as a key focus area and it has taken several steps in this regard.


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