Sidbi has cleared sanction requests of nine funds aggregating INR 300 crores in a recent meeting, showing a significant upsurge in the fund of funds operations focused on MSME and startups. Sidbi as manager of these funds has constituted a Venture Capital Investment Committee (VCIC) which includes external experts Mohandas Pai, Sanjeev Bikchandani, Saurabh Srivastava, HK Mittal, Vaidyanathan, Kiran Karnik.