The Indian startup story began over a decade and half back with the likes of Naukri.com. MakeMytrip, Shaadi, Baazee being “backed” by venture capital (VC), a new type of financing product. VC did not take collateral like debt financing did, instead it bought equity in very young but h…
Tag: SIDBI’s
Govt approves ‘Fund of Funds’ with an aim to generate 18 lakh jobs
The Cabinet on June 22 approved a Rs. 10,000-crore ‘Fund of Funds for Start-ups (FFS)’ with an aim to generate 18 lakh jobs. This is in line with the ‘Start-up India Action Plan’ unveiled by the government in January. “The fund is expected to generate employment for 18 lakh persons on full deploy…