KSUM - Fund of Funds
The Fund of Funds (FoF) Scheme is an initiative of Kerala Startup Mission aimed at improving access to growth-stage capital for startups based in Kerala. The scheme is currently operational and is designed to support startups indirectly by investing in SEBI-registered Alternative Investment Funds (AIFs), which in turn invest in eligible Kerala-based startups. Through this approach, the scheme strengthens the startup funding ecosystem by leveraging professional fund management while ensuring capital reaches scalable and high-potential startups.
Key Features
- Indirect Funding Model: The scheme does not invest directly in startups. Instead, it invests in professionally managed venture capital and alternative investment funds, ensuring disciplined and market-driven capital deployment.
- Focus on Growth and Scale-Up: The scheme primarily supports startups that have crossed early validation stages and are ready for growth, expansion, or market scaling.
- Ecosystem Strengthening: By partnering with AIFs, the scheme helps attract additional private capital into Kerala’s startup ecosystem and improves availability of institutional funding.
- Professional Fund Management: Investments are routed through SEBI-registered funds, ensuring due diligence, governance, and professional investment practices.
- Sector-Agnostic Support: The scheme supports startups across sectors, subject to the investment strategy of participating funds and eligibility norms.
Financial Assistance
Eligibility Criteria
Who can benefit:
- Startups based in Kerala seeking growth-stage funding
- Startups eligible under the investment criteria of participating AIFs
- Ventures with scalable business models and growth potential
Who cannot benefit:
- Startups seeking grants or direct government funding
- Very early-stage ideas without market validation
- Entities not meeting fund-specific investment criteria
Documents Required
- Startup registration and incorporation details
- Business and financial information
- Pitch decks and growth plans
- Compliance documents as required by the fund
Application Process for the Scheme
Option 1: Apply with Bullit (Recommended)
Start instantly with our guided application support, where our team verifies eligibility, prepares documentation, and coordinates with the Industries Department on your behalf. Using our business loans and compliance calendar, you can track progress while focusing on project execution, we manage the application end-to-end.
Recommended for: Startups seeking structured guidance for institutional and venture funding.
Option 2: Apply through Participating Funds
- Identify participating venture or alternative investment funds
- Apply directly to the fund as per its investment process
- Fund conducts due diligence and evaluation
- Investment decision made by the fund
- Capital infused into the startup as per agreed terms
