LatestStartup And Fundraising 9 October 2026
UIVCF Fund’s ₹2,434 Cr Money Trail Exposed
SEBI‑registered venture capital fund UIVCF, launched in 2006, has amassed ₹2,434 crore from hundreds of investors, notably public‑sector banks, despite being a closed‑ended fund that remained operational. The investigation highlights how public money can stay in opaque structures, raising questions about regulatory oversight and the durability of such capital in India’s venture ecosystem.
UIVCF Money Trail
- Launched in 2006, the SEBI‑registered venture‑capital fund collected ₹2,434 crore from hundreds of investors, including several public‑sector banks.
- Although it was set up as a closed‑ended fund, it stayed open, allowing capital to remain in the system far longer than typical VC structures.
- The probe points to weak regulatory oversight and the risk that public money can be trapped in opaque investment vehicles.
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