June 22, 2016
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Fund of Funds for Startups to capitalise AIFs and crowd in private investment, creating a predictable venture funding source.
Establishment of a Fund of Funds for Startups to capitalise a fund of funds vehicle that contributes to registered Alternative Investment Funds for seed, early and growth stage investments; funded by government grant assistance through budgetary support built over multiple cycles, monitored by the industrial policy department to align with the Start up India Action Plan, and operated by designated fund management expertise to crowd in private capital and create a predictable source of venture financing.