RDI fund picks 19 VCs for Rs 7,131 crore cohort
In short
The RDI Fund has picked 19 groups for its first cohort, including 14 AIFs and 5 focused research organisations. The cohort is tied to Rs 7,131 crore and is meant to support deeptech startups and private research.
This matters because the money could help new technology companies and R&D work in India. The report does not say how much each group will get or when the capital will be deployed.
What the reporting says
The RDI Fund selected 19 firms for its first cohort, including 14 alternative investment funds and five focused research organisations, to channel long-term capital into deeptech startups and private-sector research and development. The source names Blume, Kalaari and Chiratae among the participants. It does not say how the money will be split or when funding will start.
Why it matters
The RDI Fund selected 19 participants in its first cohort, including 14 alternative investment funds and five focused research organisations. The cohort is linked to Rs 7,131 crore and is intended to direct long-term capital toward deeptech startups and private-sector R&D. Named participants include Blume, Kalaari and Chiratae. The reporting does not provide allocation details or timing.