SIDBI Secures $121.6M For VC Fund

Small Industries Development Bank of India(SIDBI) has raised $121.6 million through a new venture capital fund,SME Timesreports.SIDBI Venture Capitaltargeted to raise $ 225.6 million for the Indianopportunity fund.The fund is expected to be launched by way of equity capital or equity linked instruments. The fund will provide loans to small and medium enterprises (SMEs).

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