SIDBI

IIMA's investment thesis revolves around ideas for solving larger problems in the deep-tech, inclusive-tech, and climate-tech spaces at the earliest stages of their journey.

The program aims to help micro, small, and medium enterprises (MSMEs) in India adopt low-emission and climate-resilient technologies, contributing to the country's Net Zero targets.

The Mumbai-based VC firm is aiming to invest in startups looking to raise Series A and B funding across tech and tech-enabled business sectors.

The Avaana Sustainability Fund Project is a step toward SIDBI's goal of using green and climate finance to significantly alter the world while promoting India's Nationally Determined Contributions.

This project marks the success of first project anchored by SIDBI including first secured for India in the past few years by an Indian Accredited Entity.

As per reports, the central government owns 20.8% in Sidbi, while State Bank of India holds 15.65% and Life Insurance Corporation 13.33%

The Fund of Funds for Startups (FFS) is an INR 10,000 crore initiative launched under the Startup India Initiative of the Government of India in January 2015

The first phase of the program involves design of a comprehensive, actionable, granular report with the programme structure, piloting strategy, and implementation plan for NGAP by GAME

As per a joint report by Equifax and SIDBI, portfolio outstanding of fintech companies has grown by 92 per cent from Dec'18 to Dec'19, the highest growth rate compared to other lender types

"MSMEs can't decouple from the broader economic trends," states SIDBI Chairman & Managing Director Mohammad Mustafa

The government of India is providing alternatives to funding for start-ups