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India Launches $1.24 Billion Fund for Deep Tech Startups

4/17/2025

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Summary

Story summary

India's Commerce Minister Piyush Goyal unveiled a groundbreaking Rs 10,000-crore ($1.24 billion) Fund of Funds to empower deep tech startups, prioritizing support over regulation. At the vibrant Startup Mahakumbh, he celebrated India's AI potential, rallying for a visionary "Viksit Bharat 2047." The event drew over 107,000 attendees and spotlighted 3,000 innovative startups, igniting investor enthusiasm.

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Story summary

India's Commerce Minister Piyush Goyal unveiled a groundbreaking Rs 10,000-crore ($1.24 billion) Fund of Funds to empower deep tech startups, prioritizing support over regulation. At the vibrant Startup Mahakumbh, he celebrated India's AI potential, rallying for a visionary "Viksit Bharat 2047." The event drew over 107,000 attendees and spotlighted 3,000 innovative startups, igniting investor enthusiasm.