Startups to cash in on Rs 10,000 crore fund of funds

India's latest budget allocates an additional Rs 10,000 crore to the fund-of-funds for startups, including a dedicated deeptech fund. The scheme for a three-year tax holiday for startups is extended to 2030. The budget also includes Rs 500 crore for an AI centre of excellence and significant support for deeptech research and development.

Feb 2, 2025 - 03:30

Startups to cash in on Rs 10,000 crore fund of funds

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India's latest budget allocates an additional Rs 10,000 crore to the fund-of-funds for startups, including a dedicated deeptech fund. The scheme for a three-year tax holiday for startups is extended to 2030. The budget also includes Rs 500 crore for an AI centre of excellence and significant support for deeptech research and development.