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Fund of Funds (FFS) Funded 100+ Startups, Says CR Chaudhary
March 14, 2018
In a recent written reply to Lok Sabha, Minister of State for Commerce and Industry CR Chaudhary said that the Funds of Funds (FFS) corpus has provided financial aid to total 109 startups in the country. The total amount disbursed so far is Rs. 517 crores, he said.
Chaudhary said that FFS has a corpus of Rs. 10,000 crores which will be released for the startup industry over two Finance Commission cycles by the year 2025.