The Indian government lately shifted its focus upon nurturing startups which can generate jobs for the masses. The govt. has eased several processes related to the registration and initial operation of these companies. The GOI also set up a Rs. 10,000 crore ‘Fund of Funds for Startups’. Now, in a…
Tag: SEBI
Ex-Infosys CFO Bala to launch ₹1,300 cr offshore VC fund
Former Infosys CFO V Balakrishnan, who chairs India-based VC fund Exfinity, plans to raise a $150-200 million (₹1,000-1,300 crore) offshore fund to invest in start-ups that specialise in hi-tech enterprise solutions in the Indo-US tech sector. Exfinity has launched two funds of ₹125 crore and ₹27…
North East sets up venture capital fund for startups
To encourage start-up ventures in the northeast region, the NEDFi in collaboration with the Ministry of DoNER, is setting up the “North East Venture Fund”, a dedicated venture capital fund for the region. The size of the fund would be Rs 100 crore which would be contributed by M-DoNER…
Industry tie-up to facilitate listing of India’s SMEs and startups
The Metropolitan Stock Exchange of India (MSEI) and the SME Chamber of India have collaborated to provide a facility to help small and medium enterprises (SMEs) and startups access asset classes like currency derivatives, interest rate derivatives and listing. Under the initiative, SME Chamber wo…
SMEs reluctant to list on bourses, notes SEBI
The Securities and Exchange Board of India (SEBI) has expressed concern over small and medium enterprises’ (SMEs’) growing preference for private equity (PE) investment over listing on a stock exchange platform. The markets regulator has introduced an SME platform to help smaller enterprises rais…
India considers Venture Capital Funds to discharge offsets
Overseas defense companies could invest in select Indian Venture Capital Funds (VCF) to discharge compulsory defense offsets if a proposal, currently under consideration, is implemented by the Indian Ministry of Defence (MoD), according to a Senior Ministry Official. Investments by overseas compa…
Deposit norms relaxed to help startups raise funds
In order to make it easier for startups to secure funding, the government has exempted any advance of more than Rs 25 lakh to a startup from being treated as deposit provided that the person giving the money does it in the form of convertible note. According to the Companies Act of 2013, any comp…
WaterBridge is ready to venture out with $15 million
Private equity veteran Manish Kheterpal has floated a $15-million (about .`100 crore) early-stage fund, Water-Bridge Ventures, the latest instance of a new fund launch in an increasingly competitive space. The Sebi-registered, India-domiciled fund, which will focus on the pre-Series A to Series-A…
JSW ventures gets SEBI nod to fund start-ups
JSW Ventures, the venture capital arm of the JSW Group, has created a corpus of Rs. 100 crore to invest in tech start-ups over the next three years after getting a nod from the markets regulator SEBI. The fund, which was announced last year, has been raised from the company’s internal accruals an…
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…