A $12B R&D fund was meant to turbocharge startup funding. It did the opposite
India's RDI fund of Rs. 1 lakh crore was launched to give patient capital to deep-tech startups. A year later the cash, is barely flowing. Out of 162 alternate investment funds, only 2 government intermediaries have approved letters, and most of their startups are still waiting. Fund managers say that they've…
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