The Kolkata-based Emami group, which has business interest in fast-moving consumer goods, retail and pharmacy, is now looking at the start-up space to make investments.
Promoted by entrepreneurs R S Agarwal and R S Goenka, the group has already received applications from domestic and foreign start-ups, seeking funds to launch or expand operations. The new venture has been conceived by the sons of the promoters, Aditya Agarwal and Manish Goenka. A new division has been created to evaluate and fund start-ups. It will report directly to the board of directors of the group. “We are not limiting ourselves to selected verticals. Once a business idea has been evaluated and is to our liking, we’ll take a call on funding,” Aditya Agarwal told.