The Government on Saturday (February 14, 2026) said it has approved a ₹10,000 crore Fund of Funds to mobile venture capital and support deep tech, tech-driven innovative manufacturing startups, and early-growth stage enterprises.
This was the second part of the Fund of Funds (FoF) scheme under the Startup India initiative. The first was established in 2016.
The FOF 2.0 has been designed to continue the momentum of investments in startups, with an expanded scope over FFS 1.0.
“The Union Cabinet, chaired by Prime Minister Narendra Modi, has approved the establishment of the Startup India Fund of Funds 2.0 with a total corpus of ₹10,000 crore for the purpose of mobilising venture capital for the startup ecosystem of the country,” a government statement said.
Union Cabinet approves converting North and South Blocks into museum
