SEBI Approval Grants SCOPE $50 Million VC Fund for Gaming and Fintech
SEBI Approval Grants SCOPE $50 Million VC Fund
SEBI has officially granted SCOPE the green light to launch a substantial venture capital fund, aimed at boosting *fintech* and *gaming* startups. This $50 million initiative is designed to propel early-stage businesses, especially those with innovative ideas and strong market potential.
Investment Focus
With investments ranging from $500,000 to $2 million per startup, SCOPE is set to target high-potential ventures, predominantly in *India* and the *US*. This strategic move not only enhances SCOPE's portfolio but also supports the burgeoning startup ecosystem.
Significance of the Fund
- Fintech Growth: Investing in finance-driven innovations.
- Gaming Expansion: Fostering dynamic gaming startups.
- Market Opportunities: Leveraging insights from both Indian and American markets.
This initiative by SCOPE highlights a growing interest in the realms of funding innovation and reasonable investment practices that could catalyze significant advancements within the targeted industries.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.