Govt commits ₹7,385 cr under Fund of Funds for Startups

Fund of Funds for Startups (FFS), launched under the Startup India Initiative in 2016, has committed ₹7,385 crore to 88 Alternative Investment Funds (AIFs) as of September 24, the Ministry of Commerce and Industry said. FFS was announced with a corpus of ₹10,000 crore. The AIFs in turn have invested ₹11,206 crore in 720 startups, the Ministry added.