Fund of Funds for Startup India Investment to receive Rs. 7,385 cr from Govt.
The Ministry of Commerce & Industry said in a statement that Fund of Funds for Startups (FFS), launched under Startup India initiative in 2016 by the Prime Minister Narendra Modi has committed Rs. 7,385 crore to 88 Alternative Investment Funds (AIFs). These AIFs in turn have invested Rs. 11,206 crore in 720 startups. FFS has been playing a monumental role in mobilizing domestic capital in the Indian startup ecosystem.
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