Former HCL CEO Anant Gupta Launches 100 Cr Tech Fund

Former HCL Technologies CEO Anant Gupta has launched a Rs 100 crore tech fund called TECHCELX to invest in startups focused on digital technologies such as machine learning, IoT (Internet-of-Things), artificial intelligence and analytics.

Gupta, who began his career with HCL in 1993, recently resigned from his post, paving way for current Chief Operating Officer C Vijayakumar to head the IT services major.

TECHCELX will invest between Rs 50 lakh and Rs 10 crore in disruptive technology ventures and the shareholding will range between 15% and 51%. Gupta said that with TECHCELX, he is pursuing his long-term goal to promote the “country‚Äôs entrepreneurship and innovation potential in the technology space”.

Sign Up for nextbigwhat newsletter

The smartest newsletter, partly written by AI.

Download, the short news app for busy professionals