India takes FoF route with ₹10,000 crore startup fund, targets deep-tech and early-stage funding via AIFs
Mint·3h ago·Neutral
What Happened
India's DPIIT announced operational guidelines for the ₹10,000 crore Startup India Fund of Funds 2.0. The scheme invests in Sebi-registered AIFs rather than directly in startups. Funds will support deep-tech, early-stage, innovative manufacturing, and sector-agnostic startups across sectors and geographies. SIDBI will implement the scheme initially.
Key Entities
DPIITStartup India Fund of Funds 2.0₹10,000 croreSIDBIAlternative Investment Funds (AIFs)Ministry of Commerce & Industry