🚀 Medial Secures Investment on Shark Tank India - Fueling the Future of Professional Social Networking. 🔥
✕
Login
Home
News
Messages
Startup Showcase
Trackers
Premium
Premium Content
Jobs
Notifications
Settings
Try our Valuation Calculator →
Log In
News on Medial
Fund Of Funds Commits INR 9,500 Cr To Aid Startups: SIDBI Chairman
Inc42
·
2y ago
Medial
The Fund of Funds for Startups (FFS), led by the Small Industries Development Bank of India (SIDBI), has committed INR 9,500 Cr to support new ventures in India. This commitment has resulted in over 100 alternative investment funds (AIFs) raising more than INR 56,000 Cr. The FFS, announced in 2016 under the Startup India initiative, aims to contribute to AIFs registered with SEBI. The fund has already supported startups in sectors such as deeptech, agritech, healthtech, fintech, and sustainability, with 18 of them achieving unicorn status.
View Source
1
Related News
Govt’s Fund Of Funds Invested INR 17,534 Cr In 938 Unique Indian Startups
Startup News FYI
·
2y ago
Medial
The Indian government's fund of funds (FoFs) scheme has invested INR 17,534 Cr in 938 unique Indian startups since its establishment in 2016. Managed by Small Industries Development Bank of India (SIDBI), the FoFs initiative has also spurred nearly four times the amount drawn in investments. The report by CRISIL indicates that the scheme has supported startups in various emerging sectors and backed women-led startups and fund managers. Additionally, 18 startups in the FoFs portfolio have become unicorns. SIDBI is responsible for selecting and providing capital to SEBI-registered alternative investment funds (AIFs) that then invest in startups.
View Source
SIDBI To Manage Bihar Government’s INR 50 Cr Fund For Startups
Inc42
·
2y ago
Medial
The Bihar Startup Fund Trust and Small Industries Development Bank of India (SIDBI) have agreed to manage the INR 50 Cr Bihar Startup Scale-up Financing Fund (BSSFF), aiming to transform Bihar into a startup hub. As part of the state's startup policy, the Fund will not directly invest in startups, but will contribute to SEBI-registered Alternative Investment Funds that will make investments. The trust, established with an initial corpus of INR 500 Cr, has allocated INR 50 Cr for scale-up funding support for startups. Last year, the Odisha government also launched a similar fund.
View Source
Anicut Secures INR 50 Cr From SIDBI's Fund Of Funds
Inc42
·
2y ago
Medial
Anicut Capital, an alternative investment firm, has received a INR 50 crore investment from the Small Industries Development Bank of India (SIDBI) for its Anicut Equity Fund. Anicut Equity Fund launched its Grand Anicut Fund III in June 2022 with a target corpus of INR 500 crore and an additional INR 250 crore green shoe option. The firm plans to back 12-14 growth-stage startups over the next 18-24 months from the Fund III. Anicut Capital's portfolio includes startups like Wow! Momo, Bira, Sugar Cosmetics, and ShareChat, among others.
View Source
SIDBI partners with Bihar Startup Fund Trust partners to enhancing startup ecosystem in Bihar
IndianStartupNews
·
2y ago
Medial
The Bihar Startup Fund Trust has partnered with the Small Industries Development Bank of India (SIDBI) to administer the Bihar Startup Scale-up Financing Fund (BSSFF). This partnership aims to create a nurturing environment for startups in Bihar and transform the state into a vibrant startup hub. The BSSFF, managed by SIDBI, will adopt a fund-of-funds model to provide funding support to startups by investing in SEBI-registered Alternative Investment Funds. SIDBI has played a crucial role in shaping the startup ecosystem in India and has experience in managing funds focused on various sectors and state-specific funds.
View Source
Colossa Ventures Marks First Close Of Women-Focused Fund At $12 Mn
Inc42
·
2y ago
Medial
Mumbai-based venture capital firm Colossa Ventures has closed the first round of funding for its women-focused fund at INR 100 Cr ($12 Mn). The Colossa WomenFirst Fund aims to invest in early-stage and growth-stage startups across sectors such as healthcare, fintech, climate, and consumer. It has received investments from institutions like SIDBI and family offices, and plans to have a total corpus of INR 500 Cr. The fund aims to unlock the potential of the Indian female economy and empower women entrepreneurs. Several other investors have also recently announced funds to support Indian startups.
View Source
Fund Of Funds For Startups Facilitated INR 18K Cr Investments By FY24: Economic Survey
Inc42
·
1y ago
Medial
The Indian government has allocated over INR 10,500 Cr for Alternative Investment Funds (AIFs) by the end of FY24 under the Fund of Funds for Startups scheme. Launched in 2016, the scheme aims to support the Indian startup ecosystem and attract more funding to the sector. As of November 2023, the government's Fund of Funds had facilitated investments worth INR 17,534 Cr in 938 Indian startups, as reported by CRISIL.
View Source
IIM Bangalore incubator floats accelerator fund for deep-tech startups
VCCircle
·
2y ago
Medial
The Nadathur S. Raghavan Centre for Entrepreneurial Learning (NSRCEL), the startup incubator of IIM Bangalore, has partnered with Small Industries Development Bank of India (SIDBI) to launch a deeptech-focused pre-seed startup accelerator fund. The corpus of the fund has not been disclosed. NSRCEL aims to support and invest in deeptech and emerging ventures, expanding its role beyond just supporting startups. SIDBI manages a Rs 10,000 crore fund-of-funds for startups and has previously backed VC firms like Blume Ventures and Chiratae Ventures.
View Source
SIDBI commits over Rs 100Cr entrepreneurship projects in Nagaland
IndianStartupNews
·
2y ago
Medial
The Small Industries Development Bank of India (SIDBI) has pledged over Rs 100 crore for entrepreneurship projects in Nagaland. The partnership aims to boost the state's economy through initiatives such as creating industrial infrastructure for MSMEs and establishing Swavalamban Connect Kendras in all 16 districts. SIDBI has also announced sports scholarships for promising sportspersons from Nagaland, as well as seed funds to support entrepreneurs in their startup journey. This initiative highlights the focus on promoting entrepreneurship and development in the region.
View Source
Govt commits 2nd tranche of Rs 10,000 Cr Fund of Funds for deeptech startups: Piyush Goyal
YourStory
·
8m ago
Medial
Union Minister Piyush Goyal announced a Rs 10,000 crore second tranche under the government's Fund of Funds initiative to accelerate India's deeptech startup sector. Speaking at IIT Madras's Sangam 2025 summit, Goyal highlighted the initiative's focus on promoting innovation, and technology absorption and development. The fund offers flexible support through equity and grants. The summit showcased emerging startups and featured AI leaders, underlining India’s technology and economic growth trajectory.
View Source
Solinas Backer 8X Ventures Hits First Close Of INR 200 Cr Fund
Inc42
·
1y ago
Medial
8X Ventures, a deeptech-focused VC firm, has raised over INR 60 Cr in commitments for its fund. The firm plans to invest the funds in 18-20 early-stage startups in the deeptech sector. Each startup will receive an initial investment of INR 2-5 Cr, with the possibility of total investments of up to INR 20 Cr in select startups. 8X Ventures was founded in 2021 and aims to invest in startups that create sustainable value.
View Source
Trackers
Active Indian VC’s
OG Capital
Email
With a hands-on approach, OG Capital aims to invest in over 20 promising...
Accel Partners
Email
Early and growth-stage investments in disruptive technology companies with...
Blume
Email
Early-stage venture capital firm investing in technology startups in India. Focus on...
Access All Trackers
Startup Showcase Winners
Jan 2026
Etervel
The New Era of Transparent Healthcare
SemiconAI
Powering India's AI boom with indigenous hardware
Reloji
Borrow. Rent. Share- Instead of Buying
Enter Ongoing Startup Showcase
Top Users
Trending News on Medial
Download the medial app to read full posts, comements and news.
Go to Medial App
Not Now
Know everything that’s happening in the startup ecosystem, first.
Enable Notifications?
No, thanks
Count me in
/indianstartupnews/media/agency_attachments/s1FnhAYONODoxNkoC8xA.png)
/entrackr/media/post_attachments/wp-content/uploads/2021/08/Accel-1.jpg)
