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’s entrepreneurship and innovation potential in the technology space”.
