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Start-ups 2019: Why the Modi govt is being cautious in funding enterprises

Just five of the 30 AIFs got more than a third of the money under Start-up India and, in turn, invested in only 20 of the total 163 start-ups funded till date

Start-ups 2019: Why the Modi govt is being cautious in funding enterprises
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Sai Manish New Delhi
Consider this. Since 2016, when Startup India was launched till 2018, new ventures in India raised over $15 billion in funding from investors. The Modi government had the launched the scheme with a $1.5 billion corpus (or Rs 100 billion), which would be used to fund start-ups in India. This corpus was to be paid to Alternate Investment Funds (AIFs), which in turn fund various start-ups in the country.

Instead, what emerges is a picture of caution, not only on part of the government but also on part of some of the AIFs that have received money from it. According to

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First Published: Dec 31 2018 | 3:23 PM IST

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