India-based pharmaceutical company Dr Reddy’s Laboratories is setting up a corporate venturing subsidiary that is considering 20 startups for investment, LiveMint reported on Friday.
The name of the new unit and the amount of capital set to be allocated to it have not yet been disclosed. The startups that may receive capital have also not been named so far, but they reportedly include a chain of dental clinics and health diagnostics laboratories.
Dr Reddy’s plans to invest primarily in companies…