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Govt needs to boost financial support to startups: Snapdeal founder

Economic TimesEconomic Times · 1y ago
Govt needs to boost financial support to startups: Snapdeal founder
Medial

The government needs to increase financial support for the startup ecosystem in order to create a pool of domestic capital for new age businesses, according to Kunal Bahl, cofounder of Titan Capital and founder of Snapdeal. The government's Fund of Funds has invested in 140 domestic funds, but Bahl believes that the allocated amount of $1.2 billion over 10 years is too small for a nation of India's ambition and size. He suggests that the government should provide Rs 5,000 or Rs 10,000 crore annually to fuel the ecosystem. This conversation about boosting capital comes at a time when the startup ecosystem is experiencing a slowdown, with a majority of ownership in startups beyond Series C belonging to overseas funds. The government is reportedly working on a framework to reduce investment risks for local pension funds and insurers in the startup sector.

Lavni Ventures announces first close of early stage deep-tech impact fund

EntrackrEntrackr · 6m ago
Lavni Ventures announces first close of early stage deep-tech impact fund
Medial

Lavni Ventures announces first close of early stage deep-tech impact fund Lavni Ventures has launched a Rs 200 crore deep-tech impact fund to back India’s most promising science-led startups, bringing global scale to climate, healthcare, energy, and education breakthroughs. With government-backed policies like the National Deep Tech Startup Policy and the Deep Tech Innovation Platform gaining traction, Lavni Fund II aims to ride this wave of momentum by investing in technology-driven solutions that can profitably tackle some of the world’s toughest problems. Lavni’s portfolio companies, such as Padcare Labs, Monitra Healthcare, and MedPrime Technologies, exemplify the potential of India’s deep-tech ecosystem. Collectively, Fund I startups, till FY25, have contributed to over 3.5 million student learning hours, more than 10,000 healthcare interventions in underserved markets, and 303 metric tons of CO₂ equivalent saved. “The successful launch of Fund II, with strong repeat participation from Fund I LPs, validates our core thesis: Indian deep-tech founders are uniquely positioned to deliver scalable impact and attractive returns,” said Vasu Guruswamy, co-founder and General Partner at Lavni Ventures. According to Lavni Ventures, Fund II will deploy Rs 2 crore to Rs 8 crore per opportunity at the Seed to Series A stage, and Rs 8 crore to Rs 15 crore for follow-on investments. The fund reviews over 800 deep-tech deals annually and applies a selection process focused on sustainable business models, measurable impact, and exit potential. Lavni Ventures, established in 2020 and led by Vasu Guruswamy, Sanjay Kanvinde, and Krishna Shivram, is a SEBI-registered Category II Alternative Investment Fund. It specializes in deep-tech impact investing, funding early-stage startups across medtech, edtech, cleantech, and agritech sectors.

Budget 2026–27: Startups, MSMEs get funding boost, electronics push and tax relief

EntrackrEntrackr · 5d ago
Budget 2026–27: Startups, MSMEs get funding boost, electronics push and tax relief
Medial

News All Stories Budget 2026–27: Startups, MSMEs get funding boost, electronics push and tax relief On the funding side, the government proposed three outlays of Rs 10,000 crore each. A fresh Rs 10,000 crore has been allocated to the Fund of Funds for Startups, Kunal Manchanada 01 Feb 2026 12:56 IST The Union Budget 2026–27 announced a range of measures aimed at startups, MSMEs and SMEs, focusing on funding access, credit availability, manufacturing support and regulatory easing. On the funding side, the government proposed three outlays of Rs 10,000 crore each. A fresh Rs 10,000 crore has been allocated to the Fund of Funds for Startups, which will be invested through SEBI-registered venture and alternative investment funds to support early- and growth-stage startups. For MSMEs, a Rs 10,000 crore MSME Growth and Resilience Fund was proposed to help firms manage global trade pressures and economic shocks. Startups registered under the MSME framework, especially in manufacturing and export-linked sectors, are expected to benefit. In addition, the Budget proposed Biopharma Shakti, a Rs 10,000 crore programme to support domestic biopharma manufacturing through funding for research, scale-up and production facilities. To strengthen electronics manufacturing, the Centre said it will nearly double the allocation under the Electronic Component Manufacturing Scheme (ECMS) to Rs 40,000 crore, up from the initial Rs 22,919 crore approved last year. The Finance Minister also announced the rollout of the second phase of the India Semiconductor Mission, as the government nears exhaustion of funds committed under the first phase. The Finance Minister proposed a tax holiday for foreign cloud service providers operating globally using data centre infrastructure in India until 2047. She also announced support for the Indian Institute of Creative Technologies, Mumbai, to set up AVGC and content-creator labs across 15,000 schools and 500 colleges, aimed at meeting talent demand in the orange economy and creating 2 million jobs by 2030.

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