Vedanta to invest INR 100Cr in Vedanta Spark

vedanta spark funding

In an initiative by Vedanta to develop technological capabilities, the company has decided to make an investment of 100 Crore in startup ‘Vedanta Spark’. 

The collaboration with the startups will be jointly advantageous for both, Vedanta and the platform they are partnering with. It will be a periodic program so forth and will also extend internationally in the near future.

The initiative was designed as a corporate accelerator and innovation grand challenge. It observed the registration of more than 1,350 participants from 19 countries with more than 250 overseas startups. 

The winning 23 start-ups have been picked after a meticulous process of evaluation by industry experts. These are startups that have the potential of raising around $50 Million in the prevailing financial year.

The winners will be given several opportunities like collaborations, partnerships, funding, etc. along with other opportunities designed by the Vedanta group. The start-ups will be able to scale up extensively and use Vedanta as a playground to test out their products.

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