ONGC Mulls New ₹200 Cr Fund To Back Energy & AI Startups

by · Inc42

SUMMARY

  • As part of this, the ONGC has sought applications for appointing two advisors, who will help the company in evaluating startups, carrying out due diligence and negotiating valuations
  • The state-backed company has earlier launched a ₹100 Cr fund in 2016 to back startups in the oil and gas sector
  • At the heart of all this is India’s growing cleantech economy, which is projected to become a $41 opportunity by 2040