Intex Technologies has launched a USD 25–30 million (150–200 crore) fund to invest in early-stage technology startups. The fund will invest in startups operating in areas that are a strategic fit for Intex, such as electronics, apps, mobile phones, human resources, and sports.
Investments will be made primarily from the company's balance sheet. The fund will typically pick up 10–25 percent stake for 10–15 crore. It is not clear whether Intex will increase the fund corpus later or bring in third-party investors.