Lok Sabha Question No. 3488 (UNSTARRED), answered on 2018-03-16
Subject: Start-up Companies
Ministry: FINANCE
Asked by: RAVINDRA KUMAR PANDEY

## GOVERNMENT OF INDIA

## MINISTRY OF FNANCE DEPARTMENT OF ECONOMC AFFARRS

## LOK SABHA 'UNSTARRED QUESTION NO. 3488 TO BE ANSWERED ON FRIDAY, MARCH, 2018/ PHALGUNA 25, 1939 (SAKA) 16TH

## START-UP COMPANES

## 3488. SHRI RAVINDRA KUMAR PANDEY:

Will the Minister of Finance be pleased to state:

- (a) whether & number of start-up companies have raised funds through placement and stake sale ad if $0, the details thereof;
- (b) wbether any mechanism is available to ensure the safety of inyestors with the justifiable assessment of start-up companies; along
- (c) if so, the details thereof and ifnot, the reasons therefor along with the various aspects in this regard;
- (d)   whether the said scheme has been reviewed; and
- (e) if so, the details thereof with the follow-up action taken in this regard?" along

## ANSWER

## (SHRI PON: RADHAKRISHNAN)

- (a): Small Industries Development Bank of India (SIDBI) is the operating agency for Fund of Funds for Startups (FFS) (VCFs) which in turn will invest atleast twice the amount contributed under FFS in startups &8 defined by Government of India   Thus, SIDBI does not directly invest in startups  As per the information furnished: by Department-of Industrial Policy & Promotion, aS on March 07, 2018; 109 startup companies have raised funds from' ATs/VCFs supported under FFS. List of-the startup companies which have raised funds through private placement stake sale.and the AlFs which have made the investment along: the amount of investment is furnished at AnnexureA with
- (6) & (c): Venture Capital Funds (VCFs) make investment in startups. As part of the assessment process, the startup entrepreneurs pitch their business models and plans to the Fund Managers\_who are essentially professionals with necessary expertise and skiils Thereafter,.the Eund Managers negotiate the terms of investment with the startup entrepreneurs,in respect of and the startup has; inter alia, contains suitable ptovisions to protect the interests of investofs. entity
- (d) & (e): Department of Industrial and Promotion (DIPP) reviews the Startup' India initiative. o a timely monitoring the progress of the initiative. The,monitoring committee comprises of members from DIPP, Department\_of (MHRD) NITI Aayog Ministry of Labour &nd Employment (MoLE); Ministry of Corporate Affairs (MCA) and Small; Industrial Development Bank of India (SIDBD): So 9 Monitoring Committee meetings have been conducted to review the Startup India initiative. Policy far,

Amt inRsCrore

| 1     | Aavishkaar Bharat Fund           | Jiva Digital Services Ltd                                           | 65.00     |
|-------|----------------------------------|---------------------------------------------------------------------|-----------|
| 2     | Chiratae Trust                   | CatbusInfolabs Private Ltd (Blowhorn)                               | 2.04      |
| 3     |                                  | Curefit Health care Pvt Ltd                                         | 22.75     |
| 4     |                                  | Early Salary                                                        | 6.30      |
| 5     |                                  | Hansel Software Pvt Ltd                                             | 1.60      |
| 6     |                                  | Iuminar Media Pvt Ltd                                               | 0.88      |
| 7     |                                  | MPAANI Solutions Private Limited                                    | 1.09      |
| 8     |                                  | Nestaway Technologies Pvt Ltd                                       | 6.98      |
| 9     |                                  | Omapal Technologies Pvt Ltd                                         | 7.07,     |
| 10    |                                  | SigTuple Technologies Private Itd                                   | 1.56      |
| 11    |                                  | Smart Paddle Technology Pvt Etd                                     | 3.50      |
| 12    |                                  | Agile Parking Solutions Pvt Ltd                                     | 2.88      |
| 13    | IAN Fund I                       | Pandorum Technologies Pvt Ltd                                       | 9.00      |
| 14    |                                  | Tagbox Solutions Pvt Ltd                                            | 0.67      |
| 15    |                                  | Thirdwatch Data Pvt Ltd                                             | 0.24      |
| 16    | Idea Spring Capital- Future Nowl | Lavelle Networks India Ltd                                          | 3.30      |
| 17    |                                  | WhoDat Tech Pvt Ltd                                                 | 3.70      |
| 18    |                                  | 911 India Healthcare Pvt Ltd (Curofy)                               | 0.25      |
| 19    |                                  |                                                                     | 6.89      |
| 20    |                                  | Askabat Technologies Pvt Ltd (Belong)_                              | 0.25.     |
| 21    |                                  | Convulation Artificial Technologies Pvt Ltd                         | 0.15      |
| 22    |                                  | DI Infosolutions Pvt Ltd (ketchupp)                                 | 1.00      |
| 23    |                                  | Evolusolve Technologies Pvt Ltd" WealthTrust)                       | 1.65      |
| 24    |                                  | Highorbit Careers Pvt Ltd (iimjobs)                                 | 2.00      |
| 25    |                                  | Holachef Hospitality Pvt Ltd (Holachef)                             | 7.34      |
| 26    |                                  | Hyperflux Solutions Private Limited                                 | 1.00      |
| 27    | IndiaQuotient 2                  | Infivention Technologies Pvt Limited                                | 3.00      |
| 28    |                                  | mHealth Ventures Pvt Ltd (MeraDoctor)                               | 1,51      |
| 29    |                                  | Mohalla Tech Pvt Ltd (Sharechat)                                    | '7.08     |
| 30    |                                  | Raftaar Technologies Pvt Ltd (Limo)                                 | 2,00      |
| 31    |                                  | Riot Labz Pvt Ltd (Oakter)                                          | 1.25      |
| 32 33 |                                  | Roadpiper Technologies Pvt Ltd (Roadpiper) Transversal Tech Pvt Ltd | 2.60 6.65 |
| 34    |                                  |                                                                     |           |
|       |                                  | Upwards Fintech Private Limited                                     | 2.34      |
| 35,   |                                  | Urja Money Pvt Ltd (Creditmate)                                     | 2.00      |
| 36    |                                  | Vellvette Lifestyle Pvt Ltd                                         | 5.35      |

| 38                                | GrabonRent Internet Pvt Ltd                                               | 5.50   |
|-----------------------------------|---------------------------------------------------------------------------|--------|
| 39                                | 'IvyCap Ventures Trust Fund II Nomisma Mobile Solutions Pvt Ltd (FT cash) | 9.00   |
| 40                                | Crazymind Technologies Pvt Ltd                                            | 2.60   |
| 41                                | FCB Technologies Private Limited                                          | 2.88   |
| 42                                | FITTR Technologies Pvt Ltd                                                | 1.15   |
| 43                                | Gijutsu Solutions Pvt Ltd                                                 | 2.44   |
| 44                                | Halaplay Technologies Private Limited                                     | 2.00   |
| 45                                | Handyhome Solutions                                                       | 3.15   |
| 46                                | Heuristix Digital Technologies Pvt Ltd (Learntron)                        | 3.00   |
| 47                                | Hypernova Innovention Technology Pvt. Ltd (Hypernova                      | 1.50   |
| 48                                | Innovcare Lifesciences Pvt Ltd                                            | 9.00   |
| 49                                | Loantap Financial Technologies Pvt Ltd                                    | 4.50   |
| 50 Kae Capital Fund II            | Loanzen Technologies Pvt. Ltd.                                            | 4.43   |
| 51                                | OneFiable Technologies Pvt Ltd                                            | 0.97   |
| 52                                | Paix Technology Pvt Lid                                                   | 8.00   |
| 53                                | Paradime Technologies Pvt Ltd                                             | 7.30   |
| 54                                | Pochi Mobile Pvt Ltd                                                      | 2.62   |
| 55                                | Protinus Infotech Pvt Ltd. (Trupay)                                       | 3.00   |
| 56                                | Roadpiper Technologies Pvt Ltd (Roadpiper)_                               | 3.00   |
| 57                                | Shopsense retail Technologies Pvt Ltd                                     | 9.00   |
| 58                                | Snapmint Credit Advisory Pvt, Ltd.                                        | 3.50   |
|                                   | Timla Foods Pvt Ltd. (Popicorn)                                           | 4.00   |
| 60                                | Touch Kin Eservices P Ltd                                                 | 4.50   |
| 61                                | WOTU Technologies Pvt Ltd                                                 | 4.50'  |
| 62                                |                                                                           | 3.80   |
| 63                                | Imli Technology Pvt Ltd. Qyksell Technologies Pvt  Ltd,                   | 5.40   |
| 64 Orios Venture Partners Fund II | Targetone Innovations Pvt  Ltd,                                           | 0.90   |
| 65                                | Wholesalebox Internet Pvt Ltd.                                            | 3.00   |
| 66                                | Zostel Hospitality Pvt Ltd                                                | 20.01  |
| 67                                | Atomberg Technologies Pvt Lta                                             | 5.50   |
| 68 Parampara Early Stage          | Mobilizar Technologies Private Limited                                    | 3.25   |
| 69 Opportunities Fund I           | S-Cube Futuretech Pvt Ltd                                                 | 5.00   |
| 70                                | Securax Tech Solutions Pvt Ltd                                            | 1.50   |
| 71                                | Niramai Health Analytix (P) Ltd                                           | 3.25   |
| 72 Pi Ventures Fund I             | SigTuple Technologies Private Itd                                         | 6.44   |
| 73                                | Ten3T Healthcare private Itd                                              | 0.66   |
| 74                                | Zenatix Solutions Private Limited                                         | 3.00   |
| 75                                | Fitternity Health E- Solutions Pvt Ltd                                    | 2.80   |
| 76                                | GoCoop Solutions Services Pvt Ltd                                         | 2.75   |
| 77 Saha Fund Scheme I             | InnerChef Pvt Ltd                                                         | 2.30   |
| 78                                | Joulestowatts Business Solutions Pvt Ltd                                  | 1.50   |

| 79   |                                                                  | Kaaryah Lifestyle Solutions Pvt Ltd                   |   3.20 |
|------|------------------------------------------------------------------|-------------------------------------------------------|--------|
| 80   |                                                                  | Khemeia Technologies Pvt Ltd                          |   1.02 |
| 81   |                                                                  | MPAANI Solutions Private Limited                      |   2.03 |
| 82   |                                                                  | Perspectful Advisory Services Pvt Ltd                 |   0.51 |
| 83   | Stakeboat Capital Fund                                           | Leixir Resources Pvt Ltd (Leixir Labs)                |  46.91 |
| 84   | Stellaris Venture Partners India I Unicorn India Ventures Fund I | 930.Technologies Private Limited (Noticeboard)        |   6.5  |
| 85   | Stellaris Venture Partners India I Unicorn India Ventures Fund I | Novocura Tech Health Services Private Limited (mFine) |   6.84 |
| 86   | Stellaris Venture Partners India I Unicorn India Ventures Fund I | Techwider Network (P) Ltd                             |   6.4  |
| 87   | Stellaris Venture Partners India I Unicorn India Ventures Fund I | Savis Retail Pvt Ltd                                  |   0.15 |
| 88   | Stellaris Venture Partners India I Unicorn India Ventures Fund I | Bigphi Technologies Pvt Ltd                           |   0.16 |
| 89   | Stellaris Venture Partners India I Unicorn India Ventures Fund I | Tripshelf Technologies Pvt Ltd                        |   0.1  |
| 90   | Stellaris Venture Partners India I Unicorn India Ventures Fund I | Unogrowth Technologies Pvt Ltd                        |   0.05 |
|      | Stellaris Venture Partners India I Unicorn India Ventures Fund I | Shumee Toys Pvt Ltd                                   |   0.15 |
| 92   | Stellaris Venture Partners India I Unicorn India Ventures Fund I | Loadshare Network Pvt Ltd                             |  13    |
| 93   | Stellaris Venture Partners India I Unicorn India Ventures Fund I | AIBOXX Solutions Private Limited                      |   1.64 |
| 94   | Stellaris Venture Partners India I Unicorn India Ventures Fund I | Clootrack Software Labs Private Limited               |   1    |
| 95   | Stellaris Venture Partners India I Unicorn India Ventures Fund I | GrabonRent Internet Pvt Ltd                           |   5.5  |
| 96   | Stellaris Venture Partners India I Unicorn India Ventures Fund I | Ideope Media Pvt Ltd (Inc42.com)                      |   2.08 |
| 97   | Stellaris Venture Partners India I Unicorn India Ventures Fund I | Neuroequilibrium Diagnostic Systems Pvt Ltd           |   1.5  |
| 98   | Stellaris Venture Partners India I Unicorn India Ventures Fund I | Pharmarack Technologies Pvt Ltd                       |   3.5  |
| 99   | Stellaris Venture Partners India I Unicorn India Ventures Fund I | Sequretek IT Solutions Private Limited                |   2.2  |
| 100  | Stellaris Venture Partners India I Unicorn India Ventures Fund I | Smartcoin Financials Private Limited                  |   3.25 |
| 101  | Stellaris Venture Partners India I Unicorn India Ventures Fund I | Vanitycube Mobile Spa & Salon Pvt Ltd                 |   2.7  |
| 102  | Stellaris Venture Partners India I Unicorn India Ventures Fund I | Vecto Technologies Pvt Ltd (Roder)                    |   0.75 |
| 103  | Ventureast Proactive Fund II                                     | MGH Labs Pvt Ltd                                      |   0.65 |
| 104  | Ventureast Proactive Fund II                                     | Patient Focus Pvt Ltd (Celes)                         |   1.98 |
| 105  | Ventureast Proactive Fund II                                     | Zipgo Technologies Pvt Ltd (Zipgo)                    |  13.4  |
| 106  | Kitven Fund III                                                  | Innov4sight Health & Biomedical Systems Pvt Ltd       |   3    |
| 107  | Kitven Fund III                                                  | Pandorum Technologies Pvt Itd                         |   2.5  |
| 108  | Omnivore Partners India Fund II                                  | Agnext Technologies Pvt Ltd                           |   8    |
| 109  | Kitven Fund III                                                  | Banger Tech Pvt Ltd (Doodhwala)                       |   9.8  |