- Govt is looking at how it can reach out to smaller startups with this fund.
- The government has invested has so far invested INR 2,669.83 Cr in 279 startups.
- 10% of this total INR 10K Cr corpus has been reserved for women-led startups.
With the increasing number of startups in the country, the government has planned to disburse the Startup India Fund of Funds much before 2024-25, according to a senior government official.
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Deepak Bagla, managing director and CEO of Invest India, government’s investment promotion and facilitation agency, told IANS that out of the INR 10K Cr corpus, established under the Fund of Funds, much of the funds have not been sanctioned yet.
Source: Inc42
