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India Accelerator launches RUMS (Robotics, Unmanned & Space) to support startups in robotics and unmanned sectors. Lt. Gen Anil Chait, a former Indian Army veteran, leads RUMS to foster innovation and growth in defense and other critical industries.
In the initial stage, the accelerator aims to inject a capital of $10 million to $15 million in early-stage startups.
India Accelerator launches RUMS vertical to support robotics and unmanned start-ups with $10-15 million capital injection.
Mumbai-based angel investment firm Finvolve will look to back about 25-35 sector-agnostic startups with a minimum investment of Rs 25 lakh.
Finvolve also announced the launch of three new funds, with an investment capacity of around Rs 500 crore, aimed at expanding its investment spectrum across accelerator, seed, and scale stages.