The Fund of Funds Scheme (FFS) for startups commits Rs. 7,980 crores to 99 Alternative Investment Funds (AIFs) and Rs. 3,400 crores to 72 AIFs which have in turn made investments of Rs. 14,077 crore in 791 startups https://www.taxtmi.com/news?id=26191 The Fund of Funds for Startups provides committed capital to SEBI registered AIFs (daughter funds) rather than investing directly in startups; SIDBI operates the Fund, selects daughter funds and oversees disbursals, and daughter AIFs must invest at least twice the FFS commitment into eligible startups, yielding aggregated investments across numerous startups and states. en-us Fri, 03 Feb 2023 14:11:00 +0530 Fri, 03 Feb 2023 14:11:00 +0530 TaxTMI RSS Generator The Fund of Funds Scheme (FFS) for startups commits Rs. 7,980 crores to 99 Alternative Investment Funds (AIFs) and Rs. 3,400 crores to 72 AIFs which have in turn made investments of Rs. 14,077 crore in 791 startups https://www.taxtmi.com/news?id=26191 The Fund of Funds for Startups provides committed capital to SEBI registered AIFs (daughter funds) rather than investing directly in startups; SIDBI operates the Fund, selects daughter funds and oversees disbursals, and daughter AIFs must invest at least twice the FFS commitment into eligible startups, yielding aggregated investments across numerous startups and states. News - Fri, 03 Feb 2023 14:11:00 +0530 https://www.taxtmi.com/news?id=26191