Electronics Development Fund-Backed 128 Startups Raise ₹22.5K Cr
AI Summary
Startups and companies backed through the government’s Electronics Development Fund (EDF) have collectively raised about ₹22,553.82 Cr, union minister of information and technology Ashwini Vaishnaw told Parliament on Wednesday. In a reply to the Lok Sabha today, Vaishnaw said the EDF has invested ₹257.77 Cr across eight SEBI-registered daughter funds as of June 30, 2026. These funds have invested ₹1,335.77 Cr in 128 startups and companies across the electronics and IT sectors.
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