FFS
Tax-wise, $-foolish: Saving Dalal Street could come at a cost to Startup Street
India's financial landscape is experiencing pressure with foreign portfolio investors becoming net sellers in the market. There are discussions about implementing tax cuts to stabilize the situation, which could disadvantage domestic investors. A focus on only listed shares may divert investments from private markets and harm the startup ecosystem. Expert suggestions advocate for a universal tax reduction applicable to both listed and unlisted shares.
Garena Free Fire MAX redeem codes today, October 1: Check the latest codes to claim free diamonds, skins and rewards
Free Fire MAX players can try a fresh set of redeem codes released for October 1, 2026. These codes may unlock free diamonds, weapon skins, outfits, character items and other in-game rewards. However, the codes are available for a limited period and may have usage restrictions. Players can redeem them through the official Free Fire MAX reward redemption portal.
Deeptech boom leaves most lab-stage startups stranded
A survey by the Indian Venture and Alternate Capital Association showed that only 15% of deeptech funds back companies at technology readiness levels (TRLs) 1-3, when their technologies are still in basic research and proof-of-concept stages.
CGST Zone detects clandestine pan masala, tobacco unit, detects tax evasion of Rs 160 cr
Hyderabad CGST Zone busted a clandestine pan masala and tobacco manufacturing unit. Officials detected approximately Rs 160 crore in duty and cess evasion. The operation seized finished stock, raw materials, and packing machines. A key person organizing the illicit operations was arrested and remanded. This enforcement action targets manufacturers avoiding applicable GST and excise duties.
Johnny Delusional FFS
The supergroup FFS, a collaboration between Franz Ferdinand and Sparks, has released a song called 'Johnny Delusional'. This track explores the pain of unrequited love. The music combines the unique styles of both bands. It creates a sound that is both unusual and compelling. The song's chorus highlights the futility of the protagonist's desire.
Government approves Startup India Fund of Funds 2.0 with Rs 10,000 cr corpus
The government has approved a Rs 10,000 crore second tranche for the Startup India Fund of Funds Scheme. This initiative aims to boost early-stage startups and deep-tech research. Prime Minister Narendra Modi announced the decision, highlighting its connection to empowering various sections of society.
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Royal Enfield Flying Flea FF.S6 Scrambler off-roader electric bike launching next year. Check details
Royal Enfield has revealed the Flying Flea FF.S6 Scrambler, an electric motorcycle designed for city commutes and light off-road adventures. This new model will be available in global markets by late 2026. The company plans to launch its electric motorcycles in India shortly after their European debut.
InterGlobe-CAE joint venture to set up pilot training centre in Mumbai
InterGlobe Enterprises and CAE are establishing a pilot training center in Mumbai to capitalize on India's booming aviation sector. Scheduled to open in early 2026, the 44,000 square-foot facility will house up to six full-flight simulators, initially featuring two Airbus A320 models. This expansion aims to address the projected demand for 20,000 new pilots in India over the next decade.
Centre injects Rs 211 crore into Indian space sector under 'fund of funds for startups' scheme: Union minister Piyush Goyal
India has invested Rs 211 crore under the Fund of Funds for Startups (FFS) scheme to boost space-tech innovation, Union Minister Piyush Goyal announced.
Rs 10,000 crore fund of funds scheme to focus on manufacturing, high-tech startups: DPIIT Secy
The newly announced Rs 10,000 crore Fund of Funds Scheme (FFS) for startups, focusing on manufacturing and high-tech sectors, will provide long-term funding. It aims to address diverse startup needs, expand the AIF ecosystem, and support deep-tech innovation.
Fund of Funds for Startups (FFS): How policy vision transformed India's entrepreneurial ecosystem
Launched in 2016, the Fund of Funds for Startups (FFS) by GoI has successfully transformed India's entrepreneurial ecosystem through strategic policies and investments. With ₹11,688 cr committed, FFS has enabled over ₹81,000 cr of capital, supporting 1,173 startups and significantly boosting sectors like healthcare, agriculture, and manufacturing.
AIFs seek specific funds from govt for new-age, sunrise, deep-tech startups
Fund of Funds for Startups (FFS) scheme was approved and established in 2016, with a corpus of Rs 10,000 crore, with contribution spread over the 14th and 15th Finance Commission cycle based on progress of implementation, to provide the much-needed boost and enable access to domestic capital.
Anicut Capital picks up over $6 million from SIDBI startup fund
SIDBI is an existing investor in Anicut Capital and has invested in both of its debt funds. The bank had invested Rs 140 crore (about $16.9 million) in Anicut's second debt fund.
Early-stage fund pi Ventures raises Rs 100 crore from Sidbi’s startup fund
The announcement comes two weeks after the Bengaluru-based firm, which focuses on artificial intelligence and deeptech-based businesses, raised Rs 22 crore from Belgium’s Colruyt Group for the same fund.
Startup FoF commits Rs 7,385 cr to 88 AIFs as of Sept 24: Govt
“FFS has been playing a monumental role in mobilizing domestic capital in Indian startup ecosystem,” the commerce and industry ministry said in a statement.
Govt offers stimulus to SIDBI-backed PE-VC funds, gives fillip to startup financing
The fund of funds for startups (FFS) was introduced in 2016 for contribution to various alternative investment funds (AIFs) registered with the capital market regulator, SEBI. The FFS, run by the state-controlled SIDBI.
To boost startup financing, government offers incentives to VC, PE funds
In a letter dated April 29, 2022, SIDBI told AIFs that it would allow “accelerated drawdowns” of the money committed by the FFS while fund managers achieve internal rate of returns higher than the hurdle rate --- the minimum return a fund has to clock in before profits can be shared between investors and fund manager.
Sidbi keen on coming out with venture debt scheme: CMD S Ramann
S Ramann said some action from the government in terms of working towards a corpus that can go into venture debt will be seen soon. The development finance institution is also ready to partner with a host of players to be able to bring in venture debt for these companies, Ramann added.
Parliamentary panel for early disposal of pending 205 FDI proposals
Regarding intellectual property, the report said the committee has suggested the department fill the vacancy at all levels in the patent office at the earliest.
SIDBI commits Rs 250 cr funding to 3 firms; Stride Ventures gets up to Rs 85 cr
Last week, SIDBI had tweeted that it would provide Rs 250 crore to three entities - Stride Ventures, India SME Investments Fund and JSW Ventures Trust. "Furthering the Startup India Mission, SIDBI commits additional Rs 250 crore to 3 Alternative Investment Funds under Fund of Funds for Startups (FFS) of GoI," it had said.
28,979 startups recognised by DPIIT as on March 1: Piyush Goyal
DPIIT is the monitoring agency and Small Industries Development Bank of India (Sidbi) is the operating agency for the FFS. The total corpus of Rs 10,000 crore is envisaged to be provided over the 14th and 15th Finance Commission cycles based on progress of the scheme and availability of funds.
254 startups get Rs 1,700 crore investment from AFI
Piyush Goyal said the DPIIT is the monitoring agency and SIDBI is the operating agency for FFS.
SIDBI introduces web-based application system for contribution from Fund of Funds for Startups
SIDBI is the implementing agency for FFS with a corpus of Rs 10,000 crore on behalf of the Government.
Working with tax department, regulators to ease rules for startups: DIPP
The government has established Rs 10,000 crore Fund of Funds for startups (FFS) to meet their needs. SIDBI is the operating agency for the FFS.
Allocation to SIDBI out of startup funds down at Rs 100 crore in FY17
The government had established Rs 10,000 crore FFS to meet the financial needs of startups.
Number of startup beneficiaries under FFS comes down to 58 in 2017-18
The government has established Rs 10,000 crore Fund of Funds for startups (FFS) to meet their funding needs.
How startups can get access to Govt's Fund of Funds
The first step is to get yourself registered/certified by Startup India via the process listed on the website.
Govt tweaks rules for startup fund
The government said the operating expenses for carrying out due diligence, legal and technical appraisal, convening meeting of Venture Capital Investment Committee, would be met out of the FFS with a cap of 0.5% of the commitments.
Eurolife to buy Baxter India's form-fill-seal infusion business
The acquisition will allow Eurolife to consolidate its position as a prominent player in the segment and expand its FFS infusion manufacturing capacity, Eurolife Healthcare said.
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