The central government is planning to provide a corpus to the Small Industries Development Bank of India ( ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/sidbi” target=”_blank”>Sidbi) to run a secondaries-focused fund of funds, people in the know told ET.The planned fund, the first such move by the Centre, will back data-ga-onclick=”Inarticle articleshow link click#Tech#href” target=”_blank” href=”https://economictimes.indiatimes.com/definition/venture-capital”>venture capital firms managing vehicles focused on ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Tech#href” href=”https://economictimes.indiatimes.com/topic/secondary-transactions” target=”_blank”>secondary transactions. In a secondary transaction, an investor purchases shares from a company’s existing backers and no money is infused into the startup.
“The evolution of funds focused on secondaries in places like the US and China has shown that it…
