Cabinet Approves Startup India Fund of Funds 2.0 with Rs 10,000 Cr Corpus

• Union Cabinet greenlights second tranche of Startup India Fund of Funds Scheme.
• The scheme boasts a substantial corpus of Rs 10,000 crore.
• Focus areas include deep tech, early growth stage, and tech-driven manufacturing startups.
• Operational flexibilities will allow higher government contribution in AIFs for deep tech and high-tech manufacturing.
• The fund aims to foster a long-term investing culture and patient capital for startups.