The Department for Promotion of Industry and Internal Trade (DPIIT) recently met with alternate investment funds (AIFs) to explore strategies for enhancing startup funding in India. Discussions focused on capital mobilization and extending financial support to startups in smaller cities. Under the Centre’s Fund of Funds Scheme (FFS), which has a corpus of Rs 10,000 crore, Sebi-registered AIFs are tasked with investing in startups. AIFs have pledged Rs 1 lakh crore in total, with over Rs 20,000 crore already invested as of October 31, 2024, requiring them to invest at least double the FFS amount in startups.