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Economic Times

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Image Credit: Economic Times

New Rs 10,000-crore fund to boost startup ecosystem

  • 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.

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