DPIIT’s Startup India Fund of Funds 2.0

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DPIIT’s Startup India Fund of Funds 2.0

Governance
DPIIT’s Startup India Fund of Funds 2.0

The Union Cabinet approved Startup India Fund of Funds 2.0 with a ₹10,000 crore corpus. The initiative aims to expand venture capital support and strengthen India’s startup ecosystem.

Startup India & Fund of Funds for Startups:

Dimension Key Details
Startup India Launch Launched in 2016 by Ministry of Commerce and Industry and implemented by DPIIT
Objective Promotes innovation, entrepreneurship, job creation and economic development
National Startup Day Observed on 16 January
FFS 1.0 Corpus Corpus of ₹10,000 crore managed by SIDBI
FFS 1.0 Structure Invests through SEBI-registered Alternative Investment Funds
FFS 1.0 Status Committed to 145 AIFs investing over ₹25,500 crore in more than 1,370 startups
FFS 2.0 Corpus Approved corpus of ₹10,000 crore
FFS 2.0 Focus Provides targeted funding for priority sectors and deep tech or technology-driven manufacturing
Geographical Scope Provides pan-India coverage beyond metropolitan regions
Capital Objective Strengthens domestic venture capital base and addresses early-growth funding gaps
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Q 1 / 3

With reference to Startup India Fund of Funds 2.0, consider the following statements:

1. It provides targeted funding for priority sectors.
2. It focuses on deep tech or technology-driven manufacturing.
3. It is limited to metropolitan regions for coverage.

Which of the statements given above are correct?