<h1>Government Allocates Rs. 7,385 Crore to Fund of Funds for Startups, Supporting 88 AIFs and 720 Startups.</h1> The government has committed Rs. 7,385 crore under the Fund of Funds for Startups (FFS) to support 88 Alternative Investment Funds (AIFs), which have invested Rs. 11,206 crore in 720 startups. Launched in 2016, FFS aims to boost domestic capital in the Indian startup ecosystem, reducing reliance on foreign capital. The initiative has recorded a compound annual growth rate of over 21% and facilitated significant valuation increases for supported startups, with some achieving unicorn status. The Small Industries Development Bank of India (SIDBI) manages the scheme, which has anchored 67 AIFs, including many first-time fund managers.