A reply to a Parliament question on Friday, Som Prakash, Minister of State for Commerce and Industry, said that around over Rs 14,000 crore of investment were made for 791 startups through the Fund of Fund for Startups (FFS) Scheme and Alternative Investment Funds (AIFs) as on 31 December , 2022.
He continued by saying that the FFS for startups had committed Rs 7,980 crore to 99 AIFs and had disbursed Rs 3,400 crore to 72 AIFs, who in turn had invested in the companies.

Karnataka, Maharashtra, Delhi, Haryana, Tamil Nadu, Uttar Pradesh, Telangana, Madhya Pradesh, Gujarat, and Assam are among the top 10 States/UTs with the most startups.

240 startups in Karnataka have received funding totaling Rs 4,687 crore. Delhi comes in second with 138 businesses and Rs 2,254 crore in funding, followed by Maharashtra with 176 firms and Rs 3,426 crore.

With a corpus of Rs 10,000 crore, the FFS Scheme was approved and launched in 2016 with the goal of fostering the startup ecosystem in India and facilitating access to domestic financing.

In accordance with FFS, the programme does not make direct investments in startups; rather, it offers funding to daughter funds—SEBI-registered AIFs that make equity and equity-linked investments in developing Indian entrepreneurs.

The Small Industries Development Bank of India (SIDBI) has been charged with managing the operation of the Fund and directing the distribution of committed resources through the selection of suitable daughter funds.

AIFs backed by FFS must invest at least twice as much in startups as was committed by FFS.