The Union Cabinet approved the Startup India Fund of Funds 2.0 (FoF 2.0) with a corpus of ₹10,000 crore.
The fund aims to mobilise long-term domestic capital and strengthen India’s startup and venture capital ecosystem.
It follows Fund of Funds for Startups (FFS 1.0), launched in 2016 under the Startup India initiative.
Under FFS 1.0, ₹10,000 crore was committed to 145 Alternative Investment Funds, which invested over ₹25,500 crore in more than 1,370 startups.
FoF 2.0 will focus on deep technology, innovative manufacturing, early-stage founders and priority sectors across India.
The scheme is implemented by the Department for Promotion of Industry and Internal Trade and managed by the Small Industries Development Bank of India.