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The government is
planning to set up a first of its kind co-investment fund with the help
of capital market regulator. Initially the fund will have a corpus of Rs
5,000 crore and will be anchored by two state-owned financial
institutions, Life Insurance Corporation (LIC) and Small Industries
Development Bank of India (Sidbi) The fund will be modeled following Germany and Austria like developed nations investment vehicles to meet financial challenges to start-ups, especially in technology like high growth sectors as reported by Business Standard.
The Security and Exchange Board of India (
Sebi) is in the process of finalising a frame work for the
co-investment fund and the announcement could be a part of the budget
speech.
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