As a part of the world’s largest startup event, Startup Mahakumbh, an exclusive dinner program is being hosted on April 4, to synergize the efforts of the venture capitalists (VCs) - Limited Partners-General Partners (LPGP) with India’s startup ecosystem.
This exclusive gathering will be graced by the Hon’ble Minister of Commerce and Industry, Shri Piyush Goyal and dignitaries from the Department for Promotion of Industry and Internal Trade (DPIIT) Shri Amardeep Bhatia, Secretary, DPIIT, Shri Sanjiv, Joint Secretary, DPIIT, Chairman along with other eminent leaders including Shri Manoj Mittal, Chairman and Managing Director (CMD), Small Industries Development Bank of India (SIDBI) and key stakeholders from the venture capitals, the startups and ‘Organizing Committee’ members of the Startup Mahakumbh.
Talking about the exclusive program, Dr. Arvind Gupta, Startup Mahakumbh Organizing Committee Member and Head of the Digital India Foundation, said, “With the Startup Mahakumbh poised to be a game-changer for the Indian entrepreneurial ecosystem and the LPGP being its vital, this program will serve as an essential touchpoint for fostering meaningful investor-startup collaborations.
He added, “Initiatives like Fund of Funds for Startups have revolutionized India's startup ecosystem. Under PM Narendra Modi ‘s vision, our domestic VCs are now powering incredible innovators from tier 2-3 cities which is enabling Bharat's startups to truly lead India's techade.”
The Indian government, through the Fund of Funds for Startups (FFS) scheme, provides financial support to startups by contributing to the capital of SEBI-registered Alternative Investment Funds (AIFs), with a corpus of Rs.10,000 crore. Through this initiative, Rs. 11,688 cr. has been committed through 151 AlFs, catalyzing a capital pool of around Rs.91,000 cr. which clearly reflects the great success of this program.
The Limited Partners (LPs) are institutional investors such as pension funds, sovereign wealth funds, and family offices that provide capital to venture capital (VC) firms, while General Partners (GPs) are the fund managers responsible for investing this capital into high-potential startups.
In recent times, India’s venture capital sector has seen unprecedented growth, with record-breaking funds raised and increasing foreign investment. The country’s VC ecosystem has played a transformative role in fueling innovation, creating jobs, and driving economic growth, with top investors backing deep-tech, fintech, AI-driven enterprises, and green energy startups. This influx of capital is helping Indian startups expand beyond domestic markets and positioning them as global players.
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