New Delhi, Feb. 14 -- The Union Cabinet has approved a new Rs 10,000 crore fund to help Indian startups find the investment they need to grow. Known as the Startup India Fund of Funds 2.0, the money will specifically target deep tech, advanced manufacturing, and founders who are just starting out. The goal is to make sure innovative ideas do not fail simply because they cannot find early financial support.

This new fund follows the first version of the scheme launched in 2016. The government noted that the original program successfully supported over 1,370 startups by committing its entire Rs 10,000 crore corpus to various investment funds. These funds then put more than Rs 25,500 crore into companies working in fields like artificial in...