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Fund Alert: Karnataka plans VC fund for pharma sector

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The Karnataka government has proposed to set up a venture capital fund with a corpus of Rs.50 crore targeting the pharmaceutical sector. The proposed Pharma VC Fund will have 26% contribution from the state government, while the balance will come from private investors and financial institutions. 

The move to set up an exclusive VC fund for the pharma sector had been spelt out in the Karnataka Pharma Policy 2012. 

 
Venture Intelligence is the leading provider of data and analysis on private equity, venture capital and M&A transactions in India as well as Financials & Valuations of Private Companies in the country. Click Here to view our products list including the Free Deal Digest Weekly: India's First & Most Exhaustive Transactions Newsletter.

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