The Fund of Funds for Startups (FFS) provides capital to venture funds so they can invest in startups, helping increase the availability of funding and support the growth of India’s startup ecosystem. The Government has established FFS to catalyze venture capital investments. It is operationalized by Small Industries Development Bank of India (SIDBI), which provides capital to SEBI-registered Alternative Investment Funds (AIFs) who in turn invest in startups through equity and equity-linked instruments.