Hotline: 1800 102 2007
Hotline: 1800 102 2007
Search Business Opportunities
2013-05-08

SEBI approves $10 m angel fund for Startup Village

In a major boost to the country\'s first telecom incubator Startup Village, market regulator SEBI has approved the Startup Village angel fund of $10 million that could go up to $20 million with a \'Green Shoe\' (over-allotment) option.

In a major boost to the country's first telecom incubator Startup Village, market regulator SEBI has approved the Startup Village angel fund of $10 million that could go up to $20 million with a 'Green Shoe' (over-allotment) option.

According to a press release, the approval for the angel fund, which would address the problem of resource crunch for start-up companies across the country, came from SEBI through a notification issued on April 23.

The focus area of the fund will be Telecom/Internet, and it would start investing once the initial close of $2 million is achieved.

The angel fund will be investing not only in the most promising startups located in Startup Village but also in similar enterprises across the country.

Besides Kris Gopalakrishnan, Co-Founder, Infosys & Chief Mentor, Start-up Village; MobME, the country's first campus telecom start-up; Ravi Pillai, Founder of the Rs 16,000-crore Bahrain-based RP Group; and other leading angel investors in India will be part of the fund. KPMG is advisor and ILFS is trustee of the fund.

Related opportunities
  • Theme Restaurants
    About Us: The Ambey group offers the franchise for a garden..
    Locations looking for expansion Delhi
    Establishment year 2018
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Quick Service Restaurants
      About Us: "My Choice Burger" is an Upcoming Brands In India.  The..
    Locations looking for expansion New Delhi
    Establishment year 2019
    Franchising Launch Date 2019
    Investment size Rs. 20lac - 30lac
    Space required 150
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater delhi New Delhi
  • Real Estate Sub
    About Us: KOSHER PROCTOR INDIA PRIVATE LIMITED is a professional Real Estate..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2019
    Investment size Rs. 10lac - 20lac
    Space required 800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Courier & Delivery
    About Us: InXpress has its origins in the world's largest Business..
    Locations looking for expansion Maharashtra
    Establishment year 2011
    Franchising Launch Date 2013
    Investment size Rs. 5lac - 10lac
    Space required 00
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts