Startup Odisha has launched the Rs 100 Crore Odisha Startup Growth Fund (Fund of Funds) with Small Industries Development Bank of India (SIDBI) as the fund manager.
SIDBI will serve as the fund manager for the Odisha Startup Growth Fund (Fund of Funds), responsible for shaping its investment strategy and managing its portfolio.
The collaboration will play a crucial role in bolstering the MSME sector, which contributes 33% to India's GDP and generates over 120 million jobs.
The new fund is dedicated to investing Rs 100 crore over five years through Alternative Investment Funds (AIF) in Odisha-based startups.
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