Fund of Funds for Startups

Also called FFS, FFS 2.0, and Startup India Fund of Funds

The Government of India's programme that puts money into SEBI-registered venture funds, which then invest in startups. The first fund, from 2016 and run through SIDBI, committed ₹10,000 crore to 145 funds that backed more than 1,370 startups; a second ₹10,000 crore fund, FFS 2.0, was approved by the Union Cabinet on 14 February 2026.

Why it matters

It never writes a cheque to a startup directly, so the way to its money is through the funds it backs. FFS 2.0 prioritises deep tech, tech-driven manufacturing and early-growth startups, and favours smaller funds, so those managers are worth knowing.

For example

A seed fund raising its second fund gets a commitment from the Fund of Funds for Startups, and later leads a deep tech startup's round partly with that money.

Go deeper

Cabinet approves Startup India Fund of Funds 2.0 with Rs 10,000 Cr corpus Entrackr · article A news report from 14 February 2026 on the Cabinet's approval of FFS 2.0, with what the first fund did and where the second will put its money. Open entrackr.com →

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