SIDBI clears Rs 930 crore to support VC funds
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Looks like Indian government's 'SIDBI's
"Proposals from 24 venture capital funds for an aggregate commitment of Rs 930 crore have been cleared in principle by the
There are a dozen proposals for a potential commitment of around Rs 500 crore that are lined up for the consideration of Venture Capital Investment Committee (VCIC), which comprises of a panel of experts in various fields who are advising SIDBI in screening the venture funds.
This panel includes TV Mohandas Pai, chairman of Manipal Global Education Services; Sanjeev Bikchandani, founder of Naukri.com owner InfoEdge; Saurabh Srivastava of Indian Angel Network; Kiran Karnik, former Nasscom chief; Vaidyanathan, IIM-Bangalore; and Harkesh Mittal, programme head of innovation, entrepreneurship and technology commercialisation at the Department of Science and Technology. Two senior SIDBI executives are also included in the panel.
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