793 startups have applied for recognition so far under the ‘Startup India’ programme.

223 startups have been recognized by the Government so far. A ‘Fund of Funds’ (FFS) of INR 10,000 crores for Startups has been established which is being managed by SIDBI. The fund will invest in SEBI registered Alternative Investment Funds (AIFs) which, in turn, will invest in Startups. Till date, SIDBI has sanctioned an amount of ₹ 168 crore towards the corpus of 6 AIFs under FFS. These AIFs shall invest in startups across sectors and States. At present no such information, state-wise, is available.

This information was given by the Commerce and Industry Minister Smt. Nirmala Sitharaman in a written reply in Rajya Sabha today.

Fund of Funds support for startups via SEBI-registered AIF investments managed by a designated fund manager expands startup financing. A government-managed Fund of Funds channels capital into SEBI-registered Alternative Investment Funds, which then invest in startups across sectors and States; part of the corpus has been sanctioned to a set of AIFs. Concurrently, many startups have applied for programme recognition while a smaller number have been formally recognized, and state-level allocation or investment details are not available in official disclosures.