India launches $1.1B venture capital fund for deep tech
pre-market1 source ↓written by the desknot a recommendation
- venture capital fund
- $1.1 billion
- fund-of-funds model channels
- ₹100 billion
The Indian government has approved a $1.1 billion venture capital fund aimed at supporting high-risk sectors like artificial intelligence and advanced manufacturing. This ₹100 billion fund-of-funds model channels capital through private firms, enhancing the startup ecosystem's growth potential. This initiative marks India's largest government investment since 2016.
Not investment advice. For informational purposes only.