The Department for Promotion of Industry and Internal Trade (DPIIT) has issued operational guidelines for the “Startup India Fund of Funds 2.0” (FoF 2.0) to streamline capital flow into the national startup ecosystem. The scheme operates with a corpus of ₹10,000 crore.
Under the scheme, capital will be allocated through commitments to Category I and II Alternative Investment Funds (AIFs) registered with the SEBI. These AIFs are required to invest in startups recognized by the DPIIT. The Small Industries Development Bank of India (SIDBI) will serve as the initial Implementation Agency to oversee the selection and monitoring of the participating AIFs.