The Aditya Birla Group will collaborate with 25 start-ups to bolster its new areas of business in retail, financial services and telecom.
The company’s Bizlabs incubation programme, started in October, has named the firms as “collaboration partners” on its website, but is yet to make a formal announcement. [Source]
Most of these new firms provide digital solutions to engage with consumers and enlarge their base. Some of the companies named are Red Monster Games, Torch, Dressy, ePaisa, Mswipe, Touchfone, Instakash, Bankbazzar, Wealth Pack, Cloud Cherry, Faircent and Coverfox Insurance.
Bizlabs has not revealed the funding it shall provide to incubate startups, but has received thousands of applications in the past few months, a company official said on the condition of anonymity.