Ministry of Commerce & Industry press release · 25 April 2026 · pibtracker filter

DPIIT Issues Operational Guidelines for ₹10,000 Crore Startup India Fund of Funds 2.0 to Streamline Capital Deployment

PRID2255545 MinistryMinistry of Commerce & Industry Released25 April 2026 Reading11 min

Startup India FoF 2.0 to be Deployed Through SEBI-Registered AIFs to Boost Private Investment and Expand Startup Funding Access SIDBI to Lead Implementation of Startup India FoF 2.0; DPIIT to Onboard Additional Agency to Expand Reach and Capacity Startup India FoF 2.0 to Act as Catalytic Fund, Mandates Private Capital Mobilisation and Supports Ecosystem Development Posted On: 25 APR 2026 7:09PM by PIB Delhi The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, has issued the operational guidelines for the Startup India Fund of Funds 2.0 (FoF 2.0). The guidelines lay down a structured framework to operationalise the ₹10,000 crore corpus through clearly defined mechanisms for fund deployment, governance, and monitoring, with the objective of improving the efficiency of capital flows into India’s startup ecosystem. 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. This approach is expected to ensure disciplined capital allocation, crowding-in of private investments, and wider access to funding across sectors, stages, and geographies. 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. DPIIT will also onboard an additional Implementation Agency to expand reach, enhance sectoral expertise, and build institutional capacities for managing such schemes. To address specific gaps in the ecosystem, the operational guidelines introduce a structured segmentation of AIFs into deep tech-focused funds, micro venture capital funds supporting early-growth startups, funds focused on innovative and technology-led manufacturing sectors, and sector- and stage-agnostic funds. Each segment has defined parameters, including corpus thresholds, government contribution limits, tenure, and minimum private capital mobilisation ratios, ensuring that capital is directed towards priority sectors while maintaining market discipline. The guidelines establish a two-stage selection process for AIFs. The Implementation Agency will undertake initial screening and due diligence, followed by evaluation by a Venture Capital Investment Committee, which will assess proposals based on the track record of the team, fund management capability, and investment strategy. The Committee comprises distinguished leaders from industry, academia, and the innovation ecosystem, including Vallabh Bhansali, Dr. Ashok Jhunjhunwala, Dr. Renu Swarup, Dr. Chintan Vaishnav, and Rajesh Gopinathan, along with representatives from the Implementation Agency, bringing a diverse perspective across deep tech, manufacturing, policy, and venture ecosystems. Startup India FoF 2.0 is designed to act as a catalyst rather than a direct investor, enabling multiplier effects through private capital participation. The guidelines mandate minimum private capital mobilisation, reinforcing market-led investment discipline. Provision has also been made to allocate a portion of returns towards ecosystem capacity-building initiatives such as mentorship, shared infrastructure, and ecosystem development interventions. The Scheme provides for co-investments and contributions from Ministries, Departments, and institutional investors in priority sectors. The operational framework also incorporates flexibility to evolve based on implementation experience, ensuring responsiveness to emerging ecosystem needs. Startup India FoF 2.0, through its structured operational design, is expected to significantly enhance the depth and quality of domestic venture capital, support innovation-driven enterprises, and strengthen India’s position as a leading global startup hub. Link to the operational guidelines for Startup India FoF 2.0: https://www.dpiit.gov.in/static/uploads/2026/04/8949d8e0dabf11cb9291b00ec1d1f727.pdf *** Abhishek Dayal/ Abhijith Narayanan/ Ishita Biswas (Release ID: 2255545) Visitor Counter : 5542 Read this release in: Urdu , हिन्दी , Marathi , Punjabi , Gujarati Ministry of Commerce & Industry DPIIT Issues Operational Guidelines for ₹10,000 Crore Startup India Fund of Funds 2.0 to Streamline Capital Deployment Startup India FoF 2.0 to be Deployed Through SEBI-Registered AIFs to Boost Private Investment and Expand Startup Funding Access SIDBI to Lead Implementation of Startup India FoF 2.0; DPIIT to Onboard Additional Agency to Expand Reach and Capacity Startup India FoF 2.0 to Act as Catalytic Fund, Mandates Private Capital Mobilisation and Supports Ecosystem Development Posted On: 25 APR 2026 7:09PM by PIB Delhi The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, has issued the operational guidelines for the Startup India Fund of Funds 2.0 (FoF 2.0). The guidelines lay down a structured framework to operationalise the ₹10,000 crore corpus through clearly defined mechanisms for fund deployment, governance, and monitoring, with the objective of improving the efficiency of capital flows into India’s startup ecosystem. 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. This approach is expected to ensure disciplined capital allocation, crowding-in of private investments, and wider access to funding across sectors, stages, and geographies. 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. DPIIT will also onboard an additional Implementation Agency to expand reach, enhance sectoral expertise, and build institutional capacities for managing such schemes. To address specific gaps in the ecosystem, the operational guidelines introduce a structured segmentation of AIFs into deep tech-focused funds, micro venture capital funds supporting early-growth startups, funds focused on innovative and technology-led manufacturing sectors, and sector- and stage-agnostic funds. Each segment has defined parameters, including corpus thresholds, government contribution limits, tenure, and minimum private capital mobilisation ratios, ensuring that capital is directed towards priority sectors while maintaining market discipline. The guidelines establish a two-stage selection process for AIFs. The Implementation Agency will undertake initial screening and due diligence, followed by evaluation by a Venture Capital Investment Committee, which will assess proposals based on the track record of the team, fund management capability, and investment strategy. The Committee comprises distinguished leaders from industry, academia, and the innovation ecosystem, including Vallabh Bhansali, Dr. Ashok Jhunjhunwala, Dr. Renu Swarup, Dr. Chintan Vaishnav, and Rajesh Gopinathan, along with representatives from the Implementation Agency, bringing a diverse perspective across deep tech, manufacturing, policy, and venture ecosystems. Startup India FoF 2.0 is designed to act as a catalyst rather than a direct investor, enabling multiplier effects through private capital participation. The guidelines mandate minimum private capital mobilisation, reinforcing market-led investment discipline. Provision has also been made to allocate a portion of returns towards ecosystem capacity-building initiatives such as mentorship, shared infrastructure, and ecosystem development interventions. The Scheme provides for co-investments and contributions from Ministries, Departments, and institutional investors in priority sectors. The operational framework also incorporates flexibility to evolve based on implementation experience, ensuring responsiveness to emerging ecosystem needs. Startup India FoF 2.0, through its structured operational design, is expected to significantly enhance the depth and quality of domestic venture capital, support innovation-driven enterprises, and strengthen India’s position as a leading global startup hub. Link to the operational guidelines for Startup India FoF 2.0: https://www.dpiit.gov.in/static/uploads/2026/04/8949d8e0dabf11cb9291b00ec1d1f727.pdf *** Abhishek Dayal/ Abhijith Narayanan/ Ishita Biswas (Release ID: 2255545) SIDBI to Lead Implementation of Startup India FoF 2.0; DPIIT to Onboard Additional Agency to Expand Reach and Capacity Startup India FoF 2.0 to Act as Catalytic Fund, Mandates Private Capital Mobilisation and Supports Ecosystem Development " /> The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, has issued the operational guidelines for the Startup India Fund of Funds 2.0 (FoF 2.0). The guidelines lay down a structured framework to operationalise the ₹10,000 crore corpus through clearly defined mechanisms for fund deployment, governance, and monitoring, with the objective of improving the efficiency of capital flows into India’s startup ecosystem. 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. This approach is expected to ensure disciplined capital allocation, crowding-in of private investments, and wider access to funding across sectors, stages, and geographies. 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. DPIIT will also onboard an additional Implementation Agency to expand reach, enhance sectoral expertise, and build institutional capacities for managing such schemes. To address specific gaps in the ecosystem, the operational guidelines introduce a structured segmentation of AIFs into deep tech-focused funds, micro venture capital funds supporting early-growth startups, funds focused on innovative and technology-led manufacturing sectors, and sector- and stage-agnostic funds. Each segment has defined parameters, including corpus thresholds, government contribution limits, tenure, and minimum private capital mobilisation ratios, ensuring that capital is directed towards priority sectors while maintaining market discipline. The guidelines establish a two-stage selection process for AIFs. The Implementation Agency will undertake initial screening and due diligence, followed by evaluation by a Venture Capital Investment Committee, which will assess proposals based on the track record of the team, fund management capability, and investment strategy. The Committee comprises distinguished leaders from industry, academia, and the innovation ecosystem, including Vallabh Bhansali, Dr. Ashok Jhunjhunwala, Dr. Renu Swarup, Dr. Chintan Vaishnav, and Rajesh Gopinathan, along with representatives from the Implementation Agency, bringing a diverse perspective across deep tech, manufacturing, policy, and venture ecosystems. Startup India FoF 2.0 is designed to act as a catalyst rather than a direct investor, enabling multiplier effects through private capital participation. The guidelines mandate minimum private capital mobilisation, reinforcing market-led investment discipline. Provision has also been made to allocate a portion of returns towards ecosystem capacity-building initiatives such as mentorship, shared infrastructure, and ecosystem development interventions. The Scheme provides for co-investments and contributions from Ministries, Departments, and institutional investors in priority sectors. The operational framework also incorporates flexibility to evolve based on implementation experience, ensuring responsiveness to emerging ecosystem needs. Startup India FoF 2.0, through its structured operational design, is expected to significantly enhance the depth and quality of domestic venture capital, support innovation-driven enterprises, and strengthen India’s position as a leading global startup hub. Link to the operational guidelines for Startup India FoF 2.0: <a href="https://www.dpiit.gov.in/static/uploads/2026/04/8949d8e0dabf11cb9291b00ec1d1f727.pdf" target="_blank">https://www.dpiit.gov.in/static/uploads/2026/04/8949d8e0dabf11cb9291b00ec1d1f727.pdf</a> *** Abhishek Dayal/ Abhijith Narayanan/ Ishita Biswas   " /> var mPlayer = document.getElementById("background_music"); var mPlayAction = document.getElementById("playbutton"); var isPlaying = false; function playAudio() { mPlayer.play(); isPlaying = true; document.getElementById('stopA').style.display = "block"; document.getElementById('playA').style.display = "none"; } function pauseAudio() { mPlayer.pause(); isPlaying = false; document.getElementById('playA').style.display = "block"; document.getElementById('stopA').style.display = "none"; } //function HandleAudio() { // if (isPlaying == true) { // //Playing already Pause it // pauseAudio(); // } else { // //Play the music // playAudio(); // } //} var synth = window.speechSynthesis; 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} p img { max-width: 90% !important; height: auto !important; } h2 { font-size: 20px !important; font-weight: 600 !important; } h3 { font-size: 18px !important; font-weight: 600 !important; } } /* === Film Roll Badge Styling(IFFI2025 countdown) === */ .film-roll-badge { position: absolute; top:82%; right: 20px; width: 230px; height: 70px; background: repeating-linear-gradient( to right, #9a2375 0px, #9a2375 18px, #6e2b8b 18px, #6e2b8b 36px ); border-top: 8px solid #9a2375; border-bottom: 8px solid #9a2375; border-radius: 8px; overflow: hidden; box-shadow: 0 4px 12px rgba(0, 0, 0, 0.4); animation: moveFilm 8s linear infinite; z-index: 10; } /* film sprocket holes */ .film-roll-badge::before, .film-roll-badge::after { content: ""; position: absolute; width: 100%; height: 10px; background: repeating-linear-gradient( to right, #9a2375 0px, #9a2375 10px, #fff 10px, #fff 20px ); left: 0; z-index: 2; } .film-roll-badge::before { top: -4px; } .film-roll-badge::after { bottom: -4px; } .film-roll-inner { position: relative; height: 100%; display: flex; align-items: center; justify-content: center; animation: flicker 2s infinite ease-in-out; } .countdown-text { font-size: 1.3rem; font-weight: 700; color: #fff; text-shadow: 0 0 6px rgba(255, 255, 255, 0.4), 0 0 10px #000; white-space: nowrap; } /* === Animations === */ @keyframes moveFilm { 0% { background-position: 0 0; } 100% { background-position: 120px 0; } } @keyframes flicker { 0%, 100% { opacity: 1; } 50% { opacity: 0.9; } 25% { opacity: 0.95; } 75% { opacity: 0.85; } } /* === Responsive Adjustments === */ @media (max-width: 1500px) { .film-roll-badge { top: 68%; right: 18px; /* width: 220px; */ height: 65px; font-size: 0.85rem; } .press-section { margin-top: 35px; } } @media (max-width: 992px) { .film-roll-badge { top: 52%; right: 10px; width: 200px; height: 60px; } } @media (max-width: 768px) { .film-roll-badge { top: 56%; right: 10px; width: 124px; height: 55px; } .countdown-text { font-size: 0.9rem; } } @media (max-width: 576px) { .film-roll-badge { top: 59%; right: 5px; /* width: 160px; */ height: 50px; } .countdown-text { font-size: 0.85rem; } } const festivalStart = new Date("2025-11-20T00:00:00").getTime(); const festivalEnd = new Date("2025-11-28T23:59:59").getTime(); const countdownElement = document.getElementById("countdown"); const interval = setInterval(() => { const now = new Date().getTime(); // BEFORE FESTIVAL — show days + hours left if (now = festivalStart && now el.style.width = "350px"); clearInterval(interval); } }, 1000); //

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DPIIT Issues Operational Guidelines for ₹10,000 Crore Startup India Fund of Funds 2.0 to Streamline Capital Deployment

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