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Fund of Funds for Startups (FFS) 2.0

Offered by Startup India (DPIIT)

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Overview

A Rs 10,000 crore government fund-of-funds, approved by the Union Cabinet and notified in April 2026, that does not invest directly in startups but commits capital into SEBI-registered Category I and II Alternative Investment Funds (AIFs), which then invest in DPIIT-recognised startups. SIDBI continues as the lead Implementation Agency from FFS 1.0, with a second domestic Implementation Agency yet to be named. Priority segments are deep tech, early-stage investment via Micro VCs, innovative manufacturing, and sector- or stage-agnostic AIFs. As of the most recent reporting, operational guidelines for AIF selection were still pending, so this program is not yet fully operational for new AIF proposals.

Eligibility

  • AIFs must be SEBI-registered
  • Startups must hold DPIIT recognition to receive investment from a backed AIF
  • Startups do not apply to FFS 2.0 directly

Funding Purpose

Government capital of Rs 10,000 crore deployed indirectly into startups via backed AIFs.

Application Process

AIFs submit proposals to SIDBI (or the second Implementation Agency once named); proposals are screened by the Venture Capital Investment Committee and approved by an Empowered Committee chaired by DPIIT's Secretary. Guidelines for this process were still pending as of the most recent available reporting.

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How to Apply

  1. 1Click "Apply Now" above and submit your application directly on the official page.
  2. 2The offering organisation screens applications against its own eligibility criteria.
  3. 3Shortlisted applicants may be invited to a pitch or interview round.
  4. 4The final decision rests solely with the offering organisation.
  5. 5There is no guarantee of funding at any stage.

Before You Apply

  • ZeedFund is an independent tracker, not the offering organisation or a funding body.
  • Verify current eligibility, funding amount, and deadline on the official page before applying. Details can change after we last verified them.
  • Once you apply, all follow-up (screening updates, interview or pitch invites, and the final decision) comes directly from the facilitator, incubator, or investor, never from ZeedFund. Check their application portal or email yourself for status updates; we won't have visibility into it.