Former HCL Technologies CEO Anant Gupta has announced Rs 100 crore fund along with two partners to support ventures developing cutting edge technology products and services.
Anant Gupta has formed TECHCELX, an integrated business acceleration and technology investment firm focused on developing digital technology products and platforms for enterprises.
"With TECHCELX I am pursuing my long term goals and passion towards promoting our countrys entrepreneurship and innovation potential in the technology space," said Anant Gupta, founder chairman & CEO, TECHCELX.
"The launch of Rs 100 crore fund is a significant step in this direction where we will be focusing on ventures with specialization in technologies like machine learning, IoT (Internet of Things), AI, analytics & data science and automation across banking, education and healthcare. Our vision is to help startup organizations develop and apply next-gen technology solutions to disrupt legacy operating models," added Gupta.
The company will invest between Rs 50 lakh and Rs 10 crore in disruptive technology ventures and the shareholding will range between 15 - 51 percent.
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