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Govt commits ₹7,385 cr under Fund of Funds for Startups
short by Anisha Joneja / on Monday, 26 September, 2022
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.
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