In recent years, India’s startup ecosystem has evolved from being driven purely by venture capital and private equity funds to welcoming a new breed of investors — corporate venture capital (CVC) arms of domestic giants. While global corporations like Google, Intel, and Samsung have long had active CVC units investing in innovative startups, Indian corporates are now catching up. Conglomerates such as Reliance Industries, Tata Group, Mahindra, and Aditya Birla have started deploying strategic capital into the country’s thriving startup scene. But what makes domestic CVCs different — and potentially transformative — for India’s entrepreneurial landscape?
