Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
Press 'Enter' after typing page number.
Press 'Enter' after typing page number.
Don't have an account? Register Here
₹ 103.45 crores has been disbursed to Alternative Investment Funds (AIFs) under the Fund of Funds for Startups (FFS) scheme by SIDBI as on December 15, 2017.
Commitment of funds under FFS has been made to 18 AIFs so far. As on December 15, 2017, 13 AIFs have commenced drawdowns. These 13 AIFs have invested in 77 Startups so far.
State-wise number of AIFs which have been committed funds and have received disbursement from the fund as on December 15, 2017 are as under:-
State | Number of AIF which have been committed funds under FFS | Number of AIFs where drawdowns have commenced |
Delhi | 2 | 1 |
Karnataka | 7 | 6 |
Maharashtra | 7 | 4 |
Tamilnadu | 1 | 1 |
Telangana | 1 | 1 |
TOTAL | 18 | 13 |
As per information compiled by SIDBI, state-wise number of Startups funded by these 13 AIFs so far are as under:-
State | Number of Startups |
Delhi | 8 |
Haryana | 6 |
Karnataka | 28 |
Madhya Pradesh | 1 |
Maharashtra | 23 |
Rajasthan | 3 |
Tamil Nadu | 1 |
Telangana | 4 |
Uttar Pradesh | 1 |
West Bengal | 2 |
This was stated by Shri Shiv Pratap Shukla, Minister of State for Finance in written reply to a question in Lok Sabha today.
Fund of Funds support for startups: AIF commitments under FFS drive startup investments across multiple states. Disbursement and commitment activity under the Fund of Funds for Startups shows SIDBI committed resources to multiple AIFs, with a subset commencing drawdowns and those AIFs investing in startups; the release reports counts of committed AIFs, drawdown commencements, and the number of startups funded, together with statewise allocation of commitments, drawdowns and funded startups.Press 'Enter' after typing page number.