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Gail boosts start-up investment fund to Rs 500 crore
MUMBAI: Gail (India) Limited has announced a substantial increase in its start-up investment fund, raising the corpus from Rs 100 crore to Rs 500 crore. The move aims to foster innovation, support emerging businesses, and accelerate growth within India’s start-up ecosystem.
The expanded fund will focus on nurturing start-ups across sectors such as clean energy, renewables, energy storage, electric mobility, and digital transformation. The initiative aligns with the government’s vision of a self-reliant India.
Gail chairman & managing director Sandeep Kumar Gupta said: “We are proud to support the Start-up India mission as envisioned by prime minister Narendra Modi. By increasing our start-up fund to Rs 500 crore, we aim to provide stronger financial and strategic backing to entrepreneurs with breakthrough ideas. This initiative reflects our commitment to fostering innovation and sustainability in India’s energy and technology sectors.”
Since launching its start-up initiative Pankh in July 2017, Gail has invested in 36 start-ups across sectors including compressed biogas (CBG), electric mobility, IoT, logistics, and environmental solutions.
