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As of 30 June 2026, the Electronics Development Fund (EDF), a Fund of Funds under MeitY, had invested ₹257.77 crore in eight SEBI-registered venture capital 'Daughter Funds'.
These Daughter Funds have in turn invested ₹1,335.77 crore in 128 startups/companies — 77 in ESDM and 51 in IT — creating or acquiring 373 intellectual properties.
Karnataka received the largest share: 90 companies (89 in Bengaluru) got ₹854.54 crore, about 64% of total Daughter Fund investment.
EDF completed its investment phase in February 2024 and is now in its divestment phase; Canbank Venture Capital Funds Ltd is the fund manager.
EDF does not invest directly in startups. Instead, it invests in SEBI-registered venture capital funds ('Daughter Funds'), which in turn invest in electronics and IT enterprises — spreading risk and leveraging specialist fund managers.
Simple Analogy: Rather than picking individual stocks, EDF invests in mutual funds that pick the stocks — one layer removed from direct startup investment.
GS Paper III > Electronics & IT Sector, Startups
Electronics System Design and Manufacturing
SEBI-registered venture capital funds that receive investment from the EDF Fund of Funds