SIDBI clears ₹1,000 cr for early-stage startups
The Small Industries Development Bank of India (SIDBI) on Thursday sanctioned ₹1,000 crore to 30 venture funds through the government-financed India Aspiration Fund for funding early-stage startups. The proposals which were sanctioned include IvyCap Ventures, Blume Ventures and Exfinity Venture Partners. SIDBI will provide these funds about 15-20% of their total investment in startups.