New Delhi, Feb. 14 -- In a significant boost to India's rapidly expanding startup ecosystem, the Cabinet chaired by Prime Minister Narendra Modi has approved the establishment of the Startup India Fund of Funds 2.0 with a total corpus of Rs 10,000 crore.
The new fund aims to catalyse greater availability of domestic capital for startups, particularly in sunrise and high-technology sectors.
The initiative is designed to further deepen the venture capital ecosystem in the country, enabling startups to scale operations, accelerate innovation, and generate employment.
Building upon the success of the earlier Fund of Funds for Startups (FFS), the new tranche will continue to invest in SEBI-registered Alternative Investment Funds (AIFs), which...