Government Approves Startup India Fund of Funds 2.0: Rs 10,000 Crore Boost for Startups

• Union Cabinet approves Startup India Fund of Funds 2.0 with a corpus of Rs. 10,000 crore.
• Aims to mobilize venture capital, strengthen the ecosystem, and support innovation-led entrepreneurship.
• FoF 2.0 will invest in other venture capital or private equity funds, not directly in startups.
• Key features include supporting deep tech, empowering early-growth stage founders, and ensuring national reach.
• Expected to boost economic resilience, manufacturing, job creation, and position India as a global innovation hub.