VC fund (Cat II) · SEBI registry
Trilateral Development Cooperation Fund
Not disclosed · Not disclosed · Mumbai
At a glance
- Stage focus
- Not disclosed
- Primary sector
- Not disclosed
- City
- Mumbai
- HQ / office
- Lower Parel, Mumbai, Maharashtra
- Fund registered
- 2022
- Investments on record
- 1
- Corpus (as reported)
- Rs 700 cr corpus with a Rs 300 cr greenshoe option (target ~Rs 1,000 cr)
- Website
- sbiventures.co.in
- Profile ↗
About
The TDC Fund is a SEBI Cat II Fund-of-Funds (Reg. IN/AIF2/22-23/1257) set up jointly by SBI Ventures Limited (formerly SBICAP Ventures, a wholly-owned SBI subsidiary) and India's Ministry of External Affairs to channel Government capital into innovation-transfer funds under trilateral development cooperation frameworks.
Investment focus
Fund-of-Funds (Cat II); routes Government capital into daughter AIFs supporting Indian enterprises scaling innovation into emerging/developing markets; first investment into the India-UK Global Innovation Partnership (GIP) Fund
SEBI registration
SEBI AIF Category II — reported as “Cat II”
- IN/AIF2/22-23/1257
SIDBI Fund of Funds
Yes — Government of India fund: MEA (Ministry of External Affairs) signed an MoU with SBI Ventures Ltd to establish the TDC Fund; channels MEA's investments (e.g. into the India-UK Global Innovation Partnership GIP Fund); manager SBI Ventures is wholly owned by State Bank of India (PSB)
Notable portfolio
Global Innovation Partnership (GIP) Fund
Team & organisation
Managed by SBI Ventures Ltd (platform AUM ~INR 30,000 Cr / ~USD 3.5 bn); fund-specific team not disclosed
Category II AIF structured as a Fund of Funds (SEBI reg IN/AIF2/22-23/1257); investment manager SBI Ventures Ltd (formerly SBICAP Ventures Ltd), a wholly owned SBI subsidiary
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Frequently asked
- What does Trilateral Development Cooperation Fund invest in?
- Fund-of-Funds (Cat II); routes Government capital into daughter AIFs supporting Indian enterprises scaling innovation into emerging/developing markets; first investment into the India-UK Global Innovation Partnership (GIP) Fund
- How do I pitch Trilateral Development Cooperation Fund through iHub India?
- Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.
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About this record
- ⚑ Government Fund-of-Funds (not a private startup VC); managed by SBI Ventures (state-owned)
Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.
Sources: https://sbiventures.co.in/funds-managed/tdc-fund/; https://affairscloud.com/sbicap-ventures-signs-mou-with-mea-for-tdc-fund/