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.
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First Published: Mon, December 31 2018. 15:23 IST