Sidbi tweaks startup fund rules, nudges VCs to draw capital faster

Sidbi tweaks startup fund rules, nudges VCs to draw capital faster



The Small Industries Development Bank of India (Sidbi), which manages the government’s Rs 10,000 crore Fund of Funds for Startups (FFS), has modified its rules, allowing venture capital funds to access government capital faster.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



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