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RIL's start-up fund could give Indian start-up ecosystem its second wind

The Mukesh Ambani-led company on Thursday announced that it is setting up a Rs 5,000-crore start-up fund

Reliance Jio data tariff plans introduced by Mukesh Ambani
Reliance Jio data tariff plans introduced by Mukesh Ambani

WithoneofthelargestbusinessconglomeratesinIndia,RelianceIndustriesLtd(RIL),parkingmorethanabilliondollarsforstart-upsinthecountry,thecloggedwheelsofthestart-upecosystemmightagainseemotioninIndia,industryinsidersbelieve. TheMukeshAmbani-ledcompanyonThursdayannouncedthatitissettingupaRs5,000crorefund,underthenameofJioDigitalIndiaStartupFund,toinvestindigitalbusinesses.Accordingtoanalysts,thefreshinflowoffundsasandwhenithappens,mightjusthelpinre-ignitinginvestorsentimentinthe ...