Mizoram Bana Kaih Venture Capital Fund
Status
ACTIVE
Global HQ
Aizawl, India
Countries of investment
- India
Investment stages
- Seed
- Series A
Industries
- Agtech
- E-Commerce
- Marketplaces
About
The Mizoram Bana Kaih Venture Capital Fund is a USD10.9 million (INR 90 crore) fund launched by the Mizoram government in collaboration with SIDBI. Its mission is to invest in and support local startups to stimulate economic growth and innovation within the state of Mizoram.
The Mizoram Bana Kaih Venture Capital Fund is a USD10.9 million (INR 90 crore) fund launched by the Mizoram government in collaboration with SIDBI. Its mission is to invest in and support local startups to stimulate economic growth and innovation within the state of Mizoram.
Investment Thesis
The Mizoram Bana Kaih Venture Capital Fund is a state-backed fund focused on providing crucial financial support to emerging businesses and startups within Mizoram. It targets local companies with high growth potential across various sectors to foster innovation and economic development. The fund's unique positioning stems from its partnership between the Mizoram government and the Small Industries Development Bank of India (SIDBI), specifically aiming to build and scale the regional startup ecosystem.
Manager's Experience
The fund is managed by the IIM Calcutta Innovation Park, an entity with experience in fostering entrepreneurship and managing government-backed startup initiatives. The Innovation Park has previously been involved in implementing the Mizoram Kailawn (MIK) scheme, which supports local entrepreneurs. Specific details on the individual fund managers' backgrounds and track records are not provided.