The fund has received approval from the Securities and Exchange Board of India (SEBI), and expects to close the corpus at $24.33 million (Rs 200 crore) in the next 3-4 months
The NASSCOM Product Conclave, 2015, saw over 2,000 entrepreneurs, a showcase of over 120 innovative products and early start-up companies and Vice Presidents and thought leaders expanding on the theme of the conference.
The capital will be invested in start-ups by way of providing equity, quasi equity, soft loans and other risk capital.