Startup India Fund of Funds 2.0

What it is

Mobilise venture capital for startups across stages and sectors, with emphasis on innovation-driven manufacturing, long-gestation technology and smaller funds supporting early-growth startups.

What you get

• Indirect venture-capital access through selected AIFs

Who it is for

• A startup can only access the scheme indirectly through a selected AIF and must satisfy that AIF's mandate and diligence.
• An AIF route requires Category I or Category II status and SEBI registration.

Not eligible if

• the Government corpus is not a direct grant, subsidy or individual startup entitlement
• the startup must separately satisfy the selected AIF investment mandate, diligence and commercial terms
• the selected-AIF list, proposal windows and startup-facing access route require current review

How to apply

1. 1
   Confirm the correct applicant route

   Determine whether the business is seeking indirect AIF-backed investment or whether the applicant is an eligible AIF submitting a fund proposal. These are different routes.

   Official step
2. 2
   Verify DPIIT recognition and AIF availability

   A startup should confirm DPIIT recognition and identify a selected AIF whose mandate fits its stage, sector and investment needs.

   Official step
3. 3
   Approach the selected AIF

   Submit the startup pitch and diligence material directly to the selected AIF. UdyamVeda must not imply that the Government or SIDBI accepts a direct startup investment application through this scheme.

   Official step
4. 4
   AIF applicants use the current SIDBI route

   An eligible AIF applicant should use the official SIDBI Fund Application Portal or the latest implementing-agency route and retain the submitted proposal and due-diligence record.

   Official step

Keep ready