Electronics Development Fund (EDF)
Ministry of Electronics & Information Technology (MeitY) — Canbank Venture Capital Funds
MeitY's Electronics Development Fund (fund of funds managed by Canbank Venture Capital Funds) finished its investment phase in Feb 2024 and is now divesting: ₹257.77 crore deployed into 8 daughter funds, which invested ₹1,335.77 crore in 128 ESDM/IT startups (Jun 2026). Not a live source of new capital — approach its daughter funds' newer vehicles instead.
What changed: New in this edition (not in the June 2026 playbook)
Sources (1)
EDF is a fund of funds anchored by MeitY and managed by Canbank Venture Capital Funds that invested through SEBI-registered daughter funds in electronics, nanoelectronics and IT companies.
Objectives
Build domestic capability in electronics system design & manufacturing (ESDM) and IT through venture capital.
Who can apply?
- Companies were funded through EDF's daughter funds; the fund is now in its divestment phase.
What do you get?
- ₹257.77 crore deployed into 8 daughter funds, which invested ₹1,335.77 crore in 128 companies (77 ESDM, 51 IT) that went on to raise about ₹22,554 crore (as of 30 Jun 2026).
How to apply
Closed to new investments (investment phase ended Feb 2024). Approach the daughter funds' newer vehicles or FoF 2.0-backed AIFs instead.