NEW DELHI: The Department for Promotion of Industry and Internal Trade (DPIIT) is actively engaging with Alternative Investment Funds (AIFs) to bolster funding opportunities for startups across India. An official confirmed that approximately 75 AIFs are participating in these discussions, focusing on capital mobilization and promoting investments in startups, particularly in smaller cities.
This initiative aligns with DPIIT’s broader efforts to establish India as a global innovation hub. In early January 2025, DPIIT partnered with the Startup Policy Forum (SPF) to amplify innovation, drive technology adoption, and enhance manufacturing capabilities. This collaboration aims to promote the Indian startup ecosystem on the global stage and facilitate relationships with international stakeholders.
Additionally, DPIIT has joined forces with Stride Ventures to support high-growth potential startups. This partnership focuses on providing funding, mentorship, and market access, with a particular emphasis on startups from tier-2 and tier-3 cities. The collaboration also aims to raise awareness about diverse fundraising instruments, including venture debt, to help startups achieve their growth aspirations.
These strategic collaborations underscore DPIIT’s commitment to fostering a robust startup ecosystem in India by facilitating access to capital and resources, thereby driving innovation and economic growth.
Source: Web Team, C6N
