Startup India Fund of Funds 2.0

FoF 2.0 is the next window of the original Fund of Funds, with an explicit tilt towards priority segments: deep tech, early-growth startups backed by smaller AIFs, and technology-driven manufacturing. SIDBI continues as implementing agency, with additional domestic agencies being appointed. For founders in capital-intensive or long-gestation categories, this is the more relevant of the two windows.

Implementing agency: SIDBI and other implementing agencies

1. 1

   Position yourself inside a priority segment

   If you are deep tech or innovative manufacturing, say so explicitly and evidence it — patents filed, technology readiness level, in-house R&D spend. The segment classification is what makes an AIF want your deal for its FoF 2.0 obligation.

2. 2

   Secure DPIIT recognition

   Non-negotiable for the investment to count under the scheme's deployment requirement.

3. 3

   Target the smaller, newer AIFs

   FoF 2.0 deliberately supports smaller funds serving early-growth startups. They move faster and are less crowded than the marquee names.

4. 4

   Build the raise pack and run diligence

   Model, deck, cap table, IP register and clean statutory history. Deep-tech diligence goes further into technical validation than a typical SaaS round — prepare the technology dossier too.