Sidbi tweaks startup fund rules
Synopsis Sidbi has moved from a fixed formula for venture funds to tap capital for startup investments to a graded formula allowing them to call
Synopsis Sidbi has moved from a fixed formula for venture funds to tap capital for startup investments to a graded formula allowing them to call a larger amount, according to a document seen by ET and multiple people aware of the matter. Investors said that while the flexibility removes bottlenecks, the push to accelerate drawdowns could pressure funds to invest when quality opportunities remain limited.
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