“Instead of accelerating funding in the startup ecosystem, the RDI fund has slowed it down,” said the managing partner of a VC firm that manages a corpus of over $1 billion. 

Around 12 alternative investment funds (AIF)—all managing anywhere between $35 million and $1 billion—and two non-banks The Ken spoke to agreed with this. 

This is with regard to the Rs 1 lakh crore Research, Development, and Innovation (RDI) fund launched by Prime Minister Narendra Modi in November 2025. Its purpose is to provide patient capital for an area in which Indian........

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