Vedanta Chairman to set up $1 bn fund for startups
Billionaire Chairman of Vedanta Resources Anil Agarwal is reportedly planning to launch a venture capital fund worth $1 billion (₹6,500 crore) to help young Indian entrepreneurs in the natural resources space. Agarwal is expected to invest ₹5-₹200 crore in select entities. This will be the first natural resources-focused fund established by an Indian industrialist.