SEBI approved Kerala’s Start-up Village Angel Fund of 10 million Dollars

SEBI approved Kerala’s Start-up Village Angel Fund of 10 million Dollars.

Market regulator Securities and Exchange Board of India (SEBI) had approved an angel fund of 10 million Dollars to address the problem of resource crisis for start-up companies across the country.

The fund could go up to 20 million dollars with an over-allotment option that would focus on telecom and internet firms. The Fund is supposed to start investing once the initial close of 2 million Dollars is achieved.

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