Reliance will operate through Gennext Ventures, an early stage venture capital firm it set up in 2010. The corporate VC arm has disclosed investments in two firms so far — Covascis Technologies Pvt. Ltd and Videonetics Technology Pvt. Ltd. The exact nature of the tieup is not known but the person cited above was certain that the startups, once identified, will be funded through RIL and there will be no limit on investments as at the seed stage, such companies require only .`50 lakh-.`2 crore.
(Curated by Dennis Moore. Read the complete article here)