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Venture Capital in India

Venture Capital in India

ICICI Venture Capital is the first Venture Capital Financing in India. It was started in 1988 by the joint venture of ICICI and UTI.

The UTI launched Venture Capital Unit Scheme (VECAUS-I) to raise finance in 1990.

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Technology Development and Information Company (TDICI) is another major Venture Capital financing institution in India.

Risk Capital and Technology Finance Corporation Ltd. (RCIFC) provides Venture Capital finance to technology based industries.

ANZ Grindlays Bank has set up India’s first private sector Venture Capital fund.

SBI and Canara Bank are also involved in Venture Capital Finance. They provide either equity capital or conditionals loans.

Venture Capital in India Venture Capital in India Reviewed by Blog Editor on Thursday, September 21, 2017 Rating: 5

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