The Indian government has allocated Rs 10,000 crore for the Startup India Fund of Funds (FFS) to boost the startup ecosystem.
The introduction of the option for reinvestment of alternate investment funds (AIFs) is expected to lead to faster exits and increased liquidity.
The previous cohort of Rs 10,000 crore has yielded a 15% gain, bringing the total corpus to Rs 11,000 crore.
The government aims to increase capital availability, catalyze private investments, and support startups in tier-2 and tier-3 cities, and women empowerment.