Indian Startup Factory gets SEBI’s nod to launch Rs 2 bn VC fund to invest in startups and MSMEs

New Delhi, Sept 6 (KNN) Indian Startup Factory (ISF) got SEBI approval for the launch of Rs 2 billion maiden India venture capital fund to invest in startups as well as small and medium enterprises (SMEs).

This move would increase funding accessibility and give momentum to upcoming ecosystems, including startups and SMEs, said Indian Startup Factory in a statement.

The ISF special opportunity fund will invest in startups, SMEs and MSMEs.

ISF Special Opportunity Fund, founder Kapil Kaul said that the fund's mantra is based on a simple fact of business known as Profitability.

He said “We are not here to make investments as betting game market, but rather make significant and real companies, having clear prospects of a healthy bottom line.”

"We have a vision of doing diligence as a private equity and investing a ticket size of a venture capital. This unique method is scientific and is not easily attainable, but it does give our fund the augmented opportunities to make each investment worth the effort,” he added.