The Department for Promotion of Industry and Internal Trade (DPIIT) held discussions with alternate investment funds (AIFs) in New Delhi to enhance startup funding in India. Key topics included capital mobilization and supporting startups in smaller cities. Under the Centre’s Fund of Funds Scheme (FFS), which has a corpus of Rs 10,000 crore, registered AIFs invest in startups. AIFs have pledged Rs 1 lakh crore, with over Rs 20,000 crore already invested. Notable AIFs participating include Chiratae Ventures and Blume Ventures, which are required to invest at least double the FFS amount in startups. As of October 31, 2024, Rs 20,572.14 crore has been invested by FFS-supported AIFs.