Anil Dhirubhai Ambani Group's (ADA) venture capital division previously planned to invest $50m but will now invest up to $125m.
India-based industrial conglomerate Anil Dhirubhai Ambani Group’s (ADA) venture capital division is preparing to more than double its rate of investment this year to $125m.
Reliance Venture Asset Management previously planned to invest $50m but will now invest up to $125m, according to local news provider Economic Times of India.
Harshal Shah, chief executive of Reliance Venture, in an interview with the Economic Times, said: "We had planned for three to six deals in the first-half (of full…
