The India-based conglomerate is aiming to raise an initial $15m for the fund, following the creation of a dedicated department to identify opportunities.
India-based conglomerate My Home Group is set to create a Rs 5bn ($75m) corporate venturing fund to invest in startups, the Economic Times reported yesterday.
My Home, which operates subsidiaries across the real estate, cement and power generation sectors, is targeting an initial close of $15m for the fund with the remainder to be raised over the next five years.
The conglomerate has established a dedicated research and investment unit that brings together chartered accountants, legal and finance professionals and…
