The Union Cabinet, chaired by PM Narendra Modi, approved the establishment of the “Fund of Funds for Startups” (FFS) by the Small Industries Development Bank of India (SIDBI) in June 2016. This fund was sanctioned for contribution to various Alternative Investment Funds (AIF) registered with the …
Tag: Kiran Karnik
Why SIDBI can be a game changer for venture capital industry
Around June last year, entrepreneur-turned-venture capitalist Manish Singhal was looking to raise his first venture fund, and he thought it was the toughest task he had ever undertaken. Singhal had earlier co-founded startup financing platform Letsventure. As he searched far and wide for investor…