Private equity firm SKEGEN inks Rs 500 crore MoU with iDEX

Share via:


Private equity firm SKEGEN Asset Management signed a memorandum of understanding (MoU) with the Ministry of Defence’s flagship initiative Innovation for Defence Excellence (iDEX) on Monday worth Rs 500 crore. Per the MoU, the investment will aim to accelerate the growth of design, product development, and manufacturing-led enterprises across industries in India.

Of the Rs 500 crore, SKEGEN will provide Rs 360 crore to support two iDEX winners — Sagar Defence Engineering and Zeus Numerix. The PE firm will aid the two startups with innovation and…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

admin
admin
Hi! This is Admin.

Popular

More Like this

Private equity firm SKEGEN inks Rs 500 crore MoU with iDEX


Private equity firm SKEGEN Asset Management signed a memorandum of understanding (MoU) with the Ministry of Defence’s flagship initiative Innovation for Defence Excellence (iDEX) on Monday worth Rs 500 crore. Per the MoU, the investment will aim to accelerate the growth of design, product development, and manufacturing-led enterprises across industries in India.

Of the Rs 500 crore, SKEGEN will provide Rs 360 crore to support two iDEX winners — Sagar Defence Engineering and Zeus Numerix. The PE firm will aid the two startups with innovation and…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

admin
admin
Hi! This is Admin.

More like this

HEX20: Satellite manufacturing company HEX20 launches India’s first private...

Heralding a momentous achievement in the country's space...

Tesla’s robotaxi event: all the news and announcements

Tesla CEO Elon Musk revealed a prototype of...

GTC 2025 | NVIDIA launches Halos, a safety system...

NVIDIA has introduced NVIDIA Halos, a full-stack safety...

Popular

Upcoming Events

Accel-Backed Dezerv Concludes INR 46 Cr ESOP Buyback

SUMMARY The ESOP buyback programme will facilitate liquidation of...

After DeepSeek, NVIDIA Puts Its Focus on Inference at...

Earlier this year, the news that DeepSeek built...

New $5M deep tech fund aims to lure founders...

Spend time at a university, and inevitably you’ll...
ERQW DAS VBXZC ERQW DAS VBXZC ERQW DAS VBXZC ERQW DAS VBXZC