Govt's Startup Fund to Get $430 Million Boost

Govts Startup Fund to Get $430 Million Boost
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  • 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.


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