Jul 9, 05:25 AM

Former Defence Secretary Ajay Kumar Launches Rs 250cr (+Rs 250cr green shoe) Mounttech Growth Fund for Early-Stage Startups

Former bureaucrat Ajay Kumar, who retired as India's defence secretary in 2022, is entering the venture capital industry with a new fund, Mounttech Growth Fund. The fund, which includes a Rs 250 crore base and an additional Rs 250 crore green shoe option, aims to support early-stage startups in the defence, aerospace, and deep tech sectors. Ajay Kumar's move into venture capital highlights a growing interest in these burgeoning industries.

#Ajay Kumar #India #Mounttech Growth Fund

Written with ChatGPT (GPT-4o).

Sources

ET NOW@ETNOWlive
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Former Defence Secretary Ajay Kumar Launches Rs 250cr (+Rs 250cr green shoe) Mounttech Growth Fund for Early-Stage Startups

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