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: Open all year — 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 and 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.
Related reading: How grant deadlines actually work · DPIIT recognition for Indian startups, explained
Source. https://www.pib.gov.in/PressReleasePage.aspx?PRID=2255545®=3&lang=1
"SIDBI will act as the initial Implementation Agency"
Verified on 14 August 2026
Source: www.pib.gov.in
Similar programmes
NIDHI Seed Support System (NIDHI-SSS)
Open continuouslyDepartment of Science and Technology (DST), Government of India
BIRAC SEED Fund (Sustainable Entrepreneurship And Enterprise Development)
Open continuouslyBiotechnology Industry Research Assistance Council (BIRAC), Department of Biotechnology (DBT), Government of India
Fund of Funds for Startups (FFS)
Open continuouslySmall Industries Development Bank of India (SIDBI) for DPIIT
Fund of Funds for Startups (FFS), operated by SIDBI
Open continuouslySmall Industries Development Bank of India (SIDBI), on behalf of DPIIT, Ministry of Commerce and Industry, Government of India
TANFUND and StartupTN co-investment vehicles
Open continuouslyTamil Nadu Startup and Innovation Mission (StartupTN)
DRDO Technology Development Fund (TDF)
Open continuouslyDefence Research and Development Organisation (DRDO), Ministry of Defence
Free
Get deadline alerts for India programmes
One email when a programme in your country closes in 2 weeks or 3 days, or newly opens. No spam, one click to stop. Covers every programme in the country you pick. Free covers one country; a paid plan can watch as many as you like.
Paid, separate from Unclaimed
Want a human to review your application?
Involve Consulting can help — a paid expert-review service run by the same person behind Unclaimed, entirely separate from this free check. A flat fee, agreed up front; never a cut of what you receive.
Talk to Involve Consulting