But caution is in order, given that venture fund investment is risky, and startups carry a high probability of failure. LIC and EPFO must seek investment via existing venture funds rather than in any new, sarkari outfits that would always be under suspicion of siphoning funds to the friends and family of those in power. Established venture funds have earned the experience and expertise in the selection of targets, allocations among startups and exiting at the right time. LIC and EPFO could deploy funds in this and other India-focused venture funds that have a successful track record. Venture fund volumes must go up.

Source: Economic Times August 17, 2021 17:48 UTC