India: Ajay Piramal backs new VC firm Montane; comes in as anchor investor

India: Ajay Piramal backs new VC firm Montane; comes in as anchor investor

Photo: Abhijit Bhatlekar/Mint

Business tycoon Ajay Piramal’s family office is making its foray into the venture capital scene by backing the newly floated Montane Ventures, an early-stage fund, as its anchor investor, according to a report in The Times of India.

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