NEDFi confirms remaining investment capacity in Rs 165 crore fund for Northeast startups

NEDFi's recent activation of Rs 165 crore in venture capital funds highlights its commitment to fostering entrepreneurship in Northeast India. With additional funds from the Government of Manipur and NRL, the region's startups have a promising opportunity for growth.

Sources:
Business Northeast
Updated 8h ago
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Sources: Business Northeast
NEDFi has activated three SEBI-registered venture capital funds totaling Rs 165 crore to bolster the startup ecosystem in Northeast India.
Talukdar confirmed, “Under that fund, we still have a few crores left for investment.”
In addition, NEDFi is involved in a Rs 30 crore fund with the Government of Manipur, contributing 50 percent of the corpus.
The latest initiative is a Rs 35 crore fund in partnership with Numaligarh Refinery Limited (NRL).
NEDFi adopts a sector-agnostic investment strategy, welcoming startups from various domains, which enhances the entrepreneurial landscape in the region.
This approach aims to stimulate innovation and economic growth in Northeast India, providing crucial support to emerging businesses.
Sources: Business Northeast
NEDFi has confirmed it still has remaining investment capacity in its Rs 165 crore fund aimed at supporting startups in Northeast India, with additional funds including a Rs 30 crore collaboration with the Government of Manipur and a Rs 35 crore initiative with Numaligarh Refinery Limited.
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Under that fund, we still have a few crores left for investment.
NEDFi Representative
Business Northeast
Key Facts
  • NEDFi has activated three SEBI-registered venture capital funds worth Rs 165 crore to support startups in Northeast India.Business Northeast
  • NEDFi confirms it has a few crores left for investment under the existing fund.Business Northeast
  • Government of Manipur collaborates with NEDFi to create a dedicated Rs 30 crore fund, with NEDFi contributing 50% of the corpus.Business Northeast
  • Numaligarh Refinery Limited (NRL) partners with NEDFi to create a Rs 35 crore corpus for startups.Business Northeast
  • NEDFi maintains a sector-agnostic approach to investment, keeping its doors open to startups across domains.Business Northeast
Key Stats at a Glance
Total funds activated by NEDFi
165 crore
Business Northeast
Dedicated fund with Government of Manipur
30 crore
Business Northeast
Corpus created with Numaligarh Refinery Limited
35 crore
Business Northeast

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