News provider Mint quoted Harshal Shah, chief executive of Reliance Venture Asset Management (RVAM), saying: "We're looking to invest this money [$50m to $75m] across sectors like healthcare, aerospace and defence, and clean tech."
The corporate venturing unit of India-based conglomerate Reliance Group reportedly plans to invest $50m to $75m in early stage companies this year.
News provider Mint quoted Harshal Shah, chief executive of Reliance Venture Asset Management (RVAM), saying: "We’re looking to invest this money across sectors like healthcare, aerospace and defence, and clean tech."
A reported $20m will be invested in three deals due to close in three months, Shah said.
RVAM, which typically makes investments of $1m to $15m,…
