Through the scheme, it does not directly invest in startups but instead provides capital to SEBI-registered AIFs, known as daughter funds, who in turn invest money in growing Indian startups through equity and equity-linked instruments.
New Delhi [India], September 27 (ANI): The Central government on Monday said that the Fund of Funds for Startups (FFS), launched under the Startup India initiative in 2016 by Prime Minister Narendra Modi has committed Rs 7,385 crore to 88 Alternative Investment Funds (AIFs) as of September 2
Singapore, May 25 (ANI/PRNewswire): India's alternative investment fund (AIF) industry has doubled from USD 36 billion at the end of 2016 to USD 72 billion by September 2021 - an increase of more than 100 per cent in assets under management (AUM) for Securities and Exchange Board of India (S