SIDBI, or the Small Industries Development Bank of India, was set up in 1990 by the Indian government. Its objective was to help ‘micro, small and medium enterprises’ through direct and indirect lending. It also has seven subsidiary companies, one of which is the SIDBI Venture Capital.
On 20 April The Economic Times reported that Mumbai-headquartered ‘food tech’ company Holachef raised Rs 32 crore from SIDBI VC and existing investor Kalaari. The investment is intriguing. In rounds Sidbi has participated in, it typically invests anywhere between Rs 3-5 crore.