Bharat Innovation Fund Announced the Close of its $100 Million Fund
Bharat Innovation Fund (BIF), an early stage deep-tech and intellectual property (IP) focused venture has announced the first close of its $100 million fund.
The venture has received the first close of the fund at approximately $50 million with secured commitments from institutional investors such as corporates, banks, insurers, and fund of funds.
The various fund investors include SIDBI through its Fund of Funds for Startups (FFS) program, ICICI Lombard, Philips, Bajaj Electricals Ltd., RBL Bank, among others.
“Indian entrepreneurs are producing globally-competitive IP-driven innovations across themes like healthcare/biotech, agriculture, energy, and enterprise-tech - enabled by cutting-edge research and trends like AI, ML, IoT, India Stack, among others. Bharat Innovation Fund wil...