Government approves Rs 10,000 crore for Startup India Fund of Funds 2.0
16 Feb 2026, 01:23 PMThe fund will focus on developing deep-tech and tech-driven innovative manufacturing, empower early-growth stage founders...
Team Head&Tale
The Indian government has approved the Startup India Fund of Funds 2.0 (FOF 2.0) with a corpus of Rs 10,000 crore under the Startup India initiative to help startups benefit from the venture capital (VC) ecosystem.
Under FOF 2.0, the central government will deploy Rs 10,000 crore to alternative investment funds (AIF) registered with SEBI with a 'targeted, segmented funding approach', a press release said.
The fund will focus on developing deep-tech and tech-driven innovative manufacturing, empower early-growth stage founders, gain national reach, address high-risk capital gaps, and strengthen India's domestic VC base.
Under the Startup India's Fund of Funds for Startups (FFS 1.0) launched in 2016, the government had supported 145 AIFs with a corpus of Rs 10,000 crore. The funds together invested Rs 25,000 crore in more than 1,370 startups across sectors like agriculture, artificial intelligence, automotive, etc.
The Department for Promotion of Industry and Internal Trade (DPIIT) recognizes over 2 lakh startups today, growing from less than 500 in 2016 when the Startup India initiative was conceived.



