Small Industries Development Bank of India (Sibi) has begun groundwork through its Fund of Funds (FoF) to provide timely financial support to start-ups in the country, following the shutting down of US-based Silicon Valley Bank (SVB).
There is fear that the funding from global sources may decline in the near term due to the flight of money to the United States (US) because of safe haven bets in the coming few months, against the backdrop of a series of American banks shutting down on liquidity concerns.
Sidbi executives said this FoF would work with over 100 active alternate investment funds (AIFs) which invest in startups to bridge the gap due to any delay in the flow of money from international sources.
Diese Geschichte stammt aus der March 16, 2023-Ausgabe von Business Standard.
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Diese Geschichte stammt aus der March 16, 2023-Ausgabe von Business Standard.
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