New Delhi, Feb 14 || In a major push to India’s fast-growing startup ecosystem, the Union Cabinet chaired by Prime Minister Narendra Modi has approved the setting up of the Startup India Fund of Funds 2.0 with a total corpus of Rs 10,000 crore.
The new fund aims to mobilise long-term domestic capital and provide stronger financial backing to startups across the country.
The scheme is designed to accelerate the next phase of India’s startup journey by strengthening the venture capital ecosystem and supporting innovation-driven entrepreneurship.
The government said the fund will help channel more patient and risk capital into emerging and high-potential sectors.
Startup India FoF 2.0 builds on the success of the earlier Fund of Funds for Startups (FFS 1.0), which was launched in 2016 under the Startup India initiative.
Since the launch of Startup India in 2016, India’s startup ecosystem has seen massive growth.