Venture capital fund in India
Several venture capital funds or companies have been set up in India in recent years. Some of them have been established by financial institutions while others are in the private sector. We shall discuss below the details of the leading venture capital fund in India. 1. IFCI venture capital fund limited (IFCI) : IFCI venture capital funds limited is the new name of the company risk capital and technology finance corporation limited (RCPC). It is a subsidiary of the IFCI limited while holds 76.43% of its total paid up equity. In 1975 the industrial financial corporation of India has established risk capital foundation (RCF) as a society with objective to provide risk capital assistance in the form of soft loans to professionals and techo crats (setting up their own industrial ventures. In 1988 RCF was converted into a company risk capital and technology finance corporation limited. It's emphasis shifted from providing soft loans to promoters to direct equity partici