VENTURE FUND

FFS

FUND OF FUNDS FOR STARTUPS

The “Start-up India” initiative was announced by the Hon’ble Prime Minister in his address to the nation on 15th August, 2015.

In furtherance of this announcement, the Start-up Action Plan was announced by the Hon’ble Prime Minister on January 16, 2016 which inter alia included establishment of a Fund of Funds with a total corpus of Rs.10,000 Crore in order to provide funding support to Startups as per the definition given by Government of India.

Fund of Funds for Startups shall contribute to the corpus of SEBI registered Alternative Investment Funds (AIFs) for investing in equity and equity linked instruments of various Startups at early stage, seed stage and growth stages.

Fund of Funds for Startups would be managed by SIDBI.

OPERATIONAL GUIDELINES FOR FFS