The IT services provider has established a corporate venturing fund as part of a initiative to grow its business in India.
US-based IT services provider UST Global has established a corporate venturing fund that will invest in early-stage innovation in India, the Business Standard has reported.
Founded in 1998, UST offers end-to-end IT services to businesses. It recently secured a $30m contract from the Indian state of Madhya Pradesh to digitise its government services, and is planning further expansion in the country.
UST has set up a corporate venturing unit as part of its expansion plans in India, where around 8,500…
