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IDBI Capital Markets appointed consultant to BPCL’s Ankur Fund
IDBI Capital Markets & Securities Ltd (ICMS) has been appointed as the consultant for Bharat Petroleum Corporation Ltd’s (BPCL) flagship initiative, BPCL Ankur Fund. This fund is dedicated to investing in early-stage startups, particularly those operating in sectors aligned with BPCL’s core business areas such as energy efficiency and city gas distribution.Since its inception in 2016, the programme has supported 30 startups with grant funding amounting to INR 28 crore. The fund now aims to provide equity investments of up to INR 5 crore per startup.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.