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Indian insurance companies can now invest in FoF After the unicorn parade we saw this week, there s more reason to cheer for Indian startups, thanks to the IRDA s move to allow Indian insurance companies to invest in Funds of Funds. 0 claps Share on After the unicorn parade we saw this week, there s more reason to cheer for Indian startups, thanks to the IRDA s move to allow Indian insurance companies to invest in Funds of Funds. The latest IRDA move will mean greater inflow of domestic capital into the startup ecosystem and comes close on the heels of the recent decision of the government to allow private retirement funds to park certain percentage of their capital in Alternate Investment Funds (AIFs). ....