Startup India Fund of Funds for Startups 2.0 (FFS 2.0)
Status not published
Operational guidelines issued 25 April 2026. AIF managers apply to the Implementation Agency on a rolling basis; two-stage selection with screening by SIDBI followed by a Venture Capital Investment Committee.
INR 10,000 crore corpus announced in Union Budget 2025-26, deployed through SEBI-registered AIFs across four segments: deep tech funds, micro-VC funds for early-growth startups, innovative manufacturing funds, and sector/stage-agnostic funds. Startups raise from the backed AIFs, not from DPIIT.
Department for Promotion of Industry and Internal Trade (DPIIT), implemented by SIDBI
public · national
Deadline: rolling — Operational guidelines issued 25 April 2026. AIF managers apply to the Implementation Agency on a rolling basis; two-stage selection with screening by SIDBI followed by a Venture Capital Investment Committee.
This funder does not publish a success rate. We rank it using the rate observed across similar programmes and label it as an estimate rather than implying we know.
Moderate — a form and supporting documents.
Who can apply
- Sectors: deeptech, manufacturing, any
- Stage: pre_seed, seed, series_a, growth
- Locally registered entity required
Applicants to FFS 2.0 are SEBI-registered AIFs. Downstream investee startups must be DPIIT-recognised.
How to apply
- AIF manager applies to SIDBI as Implementation Agency.
- Initial screening by the Implementation Agency.
- Evaluation by the Venture Capital Investment Committee on team track record, fund management capability and investment strategy.
- Capital commitment and drawdown; the AIF then invests in DPIIT-recognised startups.
Source. https://www.pib.gov.in/PressReleasePage.aspx?PRID=2255545®=3&lang=1 — checked 2026-08-14
"SIDBI will act as the initial Implementation Agency"