Over $5.56 billion was invested across 452 Indian tech start-ups during the period January-June 2017. While in Q1 2017 about $1.46 billion was invested across 206 start-ups, Q2 witnessed 217 deals amounting to $4.1 billion in funding.
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Tag: ‘Fund of Funds for Start-ups (FFS)’
Start-ups to get more money as Cabinet gives nod to Rs 1k cr fund
The Union Cabinet chaired by Prime Minister Narendra Modi on March 22 approved Rs 1,000-crore initial corpus for the Fund of Funds for Start-ups (FFS), which was established in June last year. According to the Cabinet decision, Alternate Investment Funds (AIFs) supported by FFS shall invest at le…
Govt approves ‘Fund of Funds’ with an aim to generate 18 lakh jobs
The Cabinet on June 22 approved a Rs. 10,000-crore ‘Fund of Funds for Start-ups (FFS)’ with an aim to generate 18 lakh jobs. This is in line with the ‘Start-up India Action Plan’ unveiled by the government in January. “The fund is expected to generate employment for 18 lakh persons on full deploy…