The Small Industries Development Bank of India (Sidbi) is set to review ten proposals from alternative investment funds seeking acommitment of ₹675 crore from the Fund of Funds for Startups (FFS) announced by PM Modi in the Startup India Action Plan.
Sidbi's Venture Capital Investment Committee comprises Harkesh Mittal, head of National Science & Technology Entrepreneurship Development Board; former Nasscom chief Kiran Karnik; R Vaidyanathan, professor at IIM Bangalore and Sanjiv Bikchandani, founder of Naukri.com; besides Srivastava and Pai. will place the recommendations for ten proposals before the Sidbi board on Tuesday, 12th july.
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