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Sundaram Finance which is a non-banking finance company, has invested in GyanDhan as part of its plans to promote start-ups.
T T Srinivasaraghavan, Sundaram Finance Managing Director has said in a statement that “The aim is to associate with firms where there is synergy with group strategy.”
The statement further said that Sundaram Finance would look at making investments as opportunities arise. The investments will be “minority stakes” in early stage ventures with ticket size of USD 1 million or less while larger investments would be made wherever necessary.
