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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

With one of the largest business conglomerates in India, Reliance Industries Ltd (RIL), parking more than a billion dollars for start-ups in the country, the clogged wheels of the start-up ecosystem might again see motion in India, industry insiders believe. The Mukesh Ambani-led company on Thursday announced that it is setting up a Rs 5,000 crore fund, under the name of Jio Digital India Startup Fund, to invest in digital businesses. According to analysts, the fresh inflow of funds as and when it happens, might just help in re-igniting investor sentiment in the ...