Govt launches Rs 10,000 Cr Fund of Funds 2.0 to bridge early-stage funding gap in deep tech
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The Indian government has launched the Startup India Fund of Funds 2.0 with a corpus of Rs 10,000 crore to mobilize venture and growth capital for startups, especially in deep tech and manufacturing. The scheme aims to bridge the early-stage funding gap and attract private capital while ensuring public funds play a catalytic role.
The Indian government has launched the Startup India Fund of Funds 2.0. The fund has a corpus of Rs 10,000 crore and will invest indirectly by allocating capital to Alternative Investment Funds. These funds will invest in DPIIT-recognised ventures. The scheme aims to attract private capital and bridge the early-stage funding gap. The Department for Promotion of Industry and Internal Trade will issue detailed operational guidelines. The Small Industries Development Bank of India will serve as the primary implementing agency.
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