Bengaluru firm Shree Bhagavathi Tech Labs to raise ₹50,000 cr to float, fuel 18 startup ventures
The Hindu·4h ago·Neutral
What Happened
Shree Bhagavathi TechLabs, Bengaluru-based firm owned by Bhagavathi Devi Temple Trust, will receive ₹50,000 crore from multiple investors to launch and scale 18 startup ventures across sectors by August 2026. Offices will establish in CBD areas within pincode 560001. FSTC, a pilot training institute where Adani Defence Systems holds majority stake, serves as key investor.
Key Entities
Shree Bhagavathi TechLabsBengaluru₹50,000 croreBhagavathi Devi Temple TrustFSTCAdani Defence Systems & Technologies Ltd18 startups