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75 Startups Receive Support From DIPP’s Funds Of Funds

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75 Startups Receive Support From DIPP Funds Of Funds,Startup Stories,Inspirational Stories 2017,Department of Industrial Policy and Promotion,75 Indian startups,Startup Stories India 2017,Nirmala Sitharaman Launch Startup India Virtual Hub,Union Budget for 2017-2018,Finance Minister Arun Jaitley Latest News,DIPP Extends Funding to 75 Startups

The Department of Industrial Policy and Promotion (DIPP,) of India have extended financial support to 75 Indian startups from 17 Alternate Investment Funds under the Funds of Funds initiative. This support is also open for the India Israel Global Innovation Challenge applicants.

The $ 1.5 billion or Rs. 1,000 crores Funds Of Funds Initiative was launched earlier this year to provide funding support for the development and growth of innovation driven startups. The 14th and 15th Finance Commission constituted by the Government of India will raise the funds for the initiative. The objective of the Fund is to provide funding support to the startups. However, Funds of Funds will not invest directly in the selected startups but will participate in the capital invested by SEBI registered venture funds.

The Funds Of Funds for Startups (FFS) was established by the Indian Government in association with the Small Industries Development Bank of India to extend funding support. The initiative would provide support to various Alternative Investment Funds (AIF) registered with the Securities and Exchange Board of India (SEBI.) The FFS corpus has received Rs. 500 crores in 2015 – 2016 and Rs. 600 crores in 2016 – 2017 for dispensation. These startups were identified based on certain criteria listed in line with the Startup India initiative.

So far, DIPP have recognized 4,377 startups out of which 75 will receive extended support from FFS. According to a tweet, over Rs. 300 crores has been invested in startups by the Fund.

One such startup who received financial assistance from the FFS is the financial services company ftcash. The Mumbai based startup seeks to empower micro merchants and small and medium sized enterprises by allowing them to accept digital payments and loans.

DIPP has launched several such initiatives to accelerate the growth of startups in India. Recently, former Commerce Minister, Nirmala Sitharaman, launched the Startup India Virtual Hub, an online platform for all stakeholders of the entrepreneurial ecosystem in India, to discover, connect and engage with each other. In the Union Budget for 2017-2018, Rs. 1 lakh was also allocated to the FFS by the Center. Finance Minister Arun Jaitley also increased the period of profit linked deductions available to the eligible startups to seven years in the current Union Budget.
 

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Funding

Agritech Startup Gramik Raises INR 17 Crore to Expand Rural Commerce in India

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StartupStories
  • Gramik, a Lucknow-based agritech startup, has secured INR 17 crore in a bridge funding round ahead of its upcoming INR 56 crore Series A raise.
  • The funding round included investments via Optionally Convertible Debentures (OCDs) and Compulsorily Convertible Debentures (CCDs).
  • Key investors include Sammaan Global Ventures, Money Creeper Investment, and prominent angels such as Balram Yadav (MD & CEO, Godrej Agrovet), Gev Aryaton, Irfan Alam, Nikhil Bhagat, and Salvia Siddiqui.

Gramik’s Unique Peer Commerce Model

  • Founded in 2021 by Raj Yadav, Gramik empowers over 120 million small and marginal farmers in India through a technology-driven rural commerce platform.
  • The startup operates a dual-channel distribution network using Village-Level Entrepreneurs (VLEs) and rural retailers to deliver high-quality agri-inputs to remote areas.
  • Gramik’s full-stack platform offers demand aggregation, logistics, embedded credit, and agronomy services, ensuring last-mile delivery and support for farmers.

Expansion Plans and Future Growth

  • Gramik currently operates in 12 districts, with 1,200+ active VLEs and 250+ rural retail partners, and plans to expand to 3,000 VLEs and reach 1 million+ farmers across Uttar Pradesh, Maharashtra, and Jammu.
  • The new funds will be used to expand Gramik’s private-label products, enhance agronomy-led farmer engagement, and scale operations in key states.
  • With a strong focus on supply chain efficiency, technology, and farmer advisory services, Gramik aims to become a leader in India’s $50 billion agri-input and rural commerce market.
  • Backed by previous seed funding of over INR 25 crore, Gramik is set to drive innovation and inclusive growth for rural communities.

 

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Reliance Jio Platforms Puts $100 Billion IPO on Hold to Focus on Growth

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Reliance Jio Platforms, the digital and telecom powerhouse led by Mukesh Ambani, has decided to postpone its highly anticipated initial public offering (IPO), shelving plans for a 2025 listing. The IPO, which analysts valued at over $100 billion and expected to be India’s largest-ever stock market debut, will not take place this year. The company has yet to appoint bankers for the process, signaling that preparations for the public offering have not started in earnest.

According to sources close to the matter, Jio Platforms wants to give its business more time to grow before going public. The company is focusing on boosting revenues, expanding its telecom subscriber base, and scaling up its digital services—including apps, connected devices, and AI solutions—so it can achieve a higher valuation when the IPO eventually happens. Nearly 80% of Jio Platforms’ $17.6 billion annual revenue currently comes from its telecom business, Reliance Jio Infocomm, but the company is investing heavily in new digital ventures and partnerships, such as its collaboration with Nvidia on AI infrastructure.

The news of the delay impacted the market, with shares of parent company Reliance Industries falling by up to 1.8% following the announcement. Despite a strong IPO environment in India, Jio’s move is seen as a strategic decision to ensure stronger business fundamentals and a higher valuation before entering the public markets. Major investors, including Google and Meta, are said to support the decision, viewing it as a step toward long-term value creation.

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Flick TV Secures $2.3M to Revolutionize India’s Micro-Drama Streaming Scene

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Flick TV StartupStories

Flick TV, India’s first mobile-focused OTT platform dedicated to micro-dramas, has secured $2.3 million in seed funding led by Stellaris Venture Partners, with participation from Gemba Capital and Titan Capital. Founded in early 2025 by Kushal Singhal, Pratik Anand, and Sanidhya Mittal, the platform aims to address the growing demand for high-quality, short-form storytelling tailored for mobile consumption. Unlike traditional user-generated short video platforms, Flick TV produces professionally shot, under-five-minute dramas across genres such as romance, thrillers, and slice-of-life—each crafted for vertical viewing to suit India’s rapidly expanding mobile internet audience.

The newly raised capital will be used to scale up content production, with plans to launch over 100 original titles, enhance the platform’s streaming technology, and expand offerings into four regional languages. Flick TV is also investing in generative AI and advanced workflows to streamline scripting and production, aiming to combine creative excellence with operational efficiency. The founders bring deep expertise from previous roles at ShareChat, EloElo, Meesho, and Pocket FM, positioning the company to bridge the gap between creator agility and cinematic storytelling in India’s nascent micro-drama ecosystem.

Industry observers see Flick TV as a frontrunner in India’s next entertainment wave, which is expected to be mobile-native, emotionally engaging, and built for short attention spans. With the micro-drama market projected to reach $5 billion in India over the next five years—mirroring the $7 billion success in China—Flick TV is poised to set new standards for premium, binge-worthy short-form content and redefine streaming for the modern Indian viewer.

 

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