FICCI launches Family Office Forum to channel $30 billion into startups

New Delhi, Industry body FICCI on Tuesday said it has launched the Family Office Forum, a platform aimed at channelling a growing pool of family capital, estimated at over USD 30 billion across around 300 family offices in India, into the country's startup ecosystem.

The forum, it said, has been set up to serve as a dedicated platform connecting India's growing base of family offices with the startup ecosystem, providing a structured framework for dialogue, deal-flow and co-investment opportunities.

"Family offices represent a significant and growing segment of capital in India, but their needs have simply not been well served...As India prospers, family offices are only going to get larger and more specialised, and that calls for a dedicated platform where they can exchange ideas and work together," Sanjeev Bikhchandani, Chair, FICCI Startup Committee, said.


He added that family offices are emerging as a serious, professional source of capital for the country's economic growth and that is the thinking behind this first dedicated Forum.

"FICCI today launched the Family Office Forum - a dedicated platform for family offices - with the aim of channelling a growing pool of family capital, estimated at over USD 30 billion across roughly 300 family offices in India, into the country's start-up and innovation ecosystem," the chamber said.