Fund of Funds for Startups (FFS)

Fund of Funds for Startups (FFS) is a fund of funds in New Delhi, India. DPIIT's Rs 10,000 crore fund of funds, managed by SIDBI, puts money into SEBI-registered alternative investment funds that must invest at least twice that amount in startups. Founders do not apply to it: they approach the funds it backs. The FFS 1.0 corpus is fully committed, and its successor, Startup India Fund of Funds 2.0, with another ₹10,000 crore and SIDBI as the first implementation agency, has been notified.

What it offers

• “It has approved corpus of Rs 10,000 crore for contribution to various Alternative Investment Funds (AIFs) registered with SEBI.” — sidbivcf.in
• “Fund to agree to invest at least twice the amount of contribution sought from FFS into Startups.” — sidbivcf.in
• “Under FFS 1.0, the entire corpus of Rs. 10,000 crore has been committed to 145 Alternative Investment Funds (AIFs).” — pib.gov.in
• “The Government has notified the Startup India Fund of Funds 2.0 (Startup India FoF 2.0) with a total corpus of ₹10,000 crore for the purpose of mobilizing venture and growth capital for the startup ecosystem of the country.” — pib.gov.in
• “The Small Industries Development Bank of India (SIDBI) will act as the initial Implementation Agency and will undertake execution through a structured AIF selection and monitoring process.” — pib.gov.in

Who can apply

• “Funds are registered as either Category I or II Alternative Investment Funds (AIF) with Securities and Exchange Board of India (SEBI) or have applied for the same with SEBI.” — sidbivcf.in
• “Funds with corpus of less than Rs 1,000 crores.” — sidbivcf.in
• “The Scheme will be implemented through commitments to SEBI-registered Category I and II Alternative Investment Funds (AIFs), which will invest in DPIIT-recognised startups.” — pib.gov.in

Stages

Growth

How to apply

Apply or read the rules on the official site.

About this listing

TrustList compiled this listing from Fund of Funds for Startups (FFS)'s official pages in September 2026. The quotes above are its own words. Amounts, deadlines and eligibility rules change, so check the official site before you rely on them.