Browsing: Indian Startups

Lubrizol InnoVentures, the innovation arm of global speciality chemicals provider Lubrizol, participated in the round. The funds will be used to scale the firm’s R&D processes, build pilot production facilities, expand its team, and develop go-to-market strategies.

The inside story of how India’s VCs left SaaS behind to bet on AI, only at India’s biggest soonicorns summit. The fourth edition of the Summit on August 22 had AI as the focal theme.

The fund intends to invest in pre-seed and seed rounds of 18 to 20 startups that are developing critical technologies locally, a strategy it refers to as creating a sovereign edge. The investments are planned to be deployed over four years, with individual amounts ranging from Rs 7 crore to Rs 10 crore, while reserving 50% of the total capital for follow-on funding.