Realty firm Lodha Group has launched its maiden investment fund, with an initial corpus of Rs 50 crore, for startups focused on smart city solutions and overall real estate sector.
The company said it will not only provide angel funding or venture capital, but also business opportunities, industry contacts, and mentorship to startups. Within real estate, the company said it will look at all aspects of the value chain, right from digital marketing to analytics and from Customer Relationship Management (CRM) to smart city services.
“We have been working in a focused manner to establish this platform over the last few months. 2-3 business ideas have been already vetted and the first round of investments will be completed by March 2017,” said Lodha Group MD Abhishek Lodha.