India, April 26 -- image credit- freepik

The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, has released the operational guidelines for the Startup India Fund of Funds 2.0 (FoF 2.0). These guidelines provide a structured framework for operationalising the Rs 10,000 crore fund, including clearly defined mechanisms for the utilisation, operation, and monitoring of the fund. It aims to improve the efficiency of capital flows into India's startup ecosystem.

The scheme will be implemented through commitments to Alternative Investment Funds (AIFs) of Categories I and II registered with SEBI, which will invest in startups accredited by DPIIT. Doing so is expected to bring discipline in capit...