Startup FoF commits Rs 7,385 cr to 88 AIFs as of Sept 24: Govt

The government on Monday said that the Fund of Funds for Startups (FFS), launched under Startup India initiative in 2016 with a corpus of Rs 10,000 crore, has committed Rs 7,385 crore to 88 Alternative Investment Funds (AIFs) as of September 24, 2022. These AIFs in turn have invested Rs 11,206 crore in 720 startups. FFS has helped anchor 67 AIFs out of 88 supported and 38 of these are first time fund managers.

“FFS has been playing a monumental role in mobilizing domestic capital in Indian startup ecosystem,” the commerce and industry ministry said in a statement.