In a significant move to boost India’s burgeoning startup ecosystem, the Union Cabinet, led by Prime Minister Narendra Modi, has given the green light to establish the Startup India Fund of Funds 2.0, with a total corpus of Rs 10,000 crore.
This new fund is aimed at attracting long-term domestic capital and providing robust financial support to startups nationwide. It is structured to expedite the next phase of India’s startup evolution by fortifying the venture capital landscape and fostering innovation-driven entrepreneurship.
The government has highlighted that this fund will facilitate the flow of more patient and risk capital into emerging and high-potential sectors. Building upon the success of the earlier Fund of Funds for Startups (FFS 1.0) launched in 2016 under the Startup India initiative, Startup India FoF 2.0 is poised to further accelerate the momentum.
