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Home » CleanTech/ Renewable Energy » Unilever Sets up VC Fund to Tap Indian Growth- to invest in cleantech among other sectors

Unilever Sets up VC Fund to Tap Indian Growth- to invest in cleantech among other sectors

Unilever (NYSE:UL), the leading consumer goods company in India, is planning to set up a venture capital fund to invest outside its core business in the field of media and technology in the country.

The company already has established the Unilever Corporate Ventures model for developed countries and wants to leverage the model into emerging markets commencing with India and China.

Unilever Ventures Limited along with its two closely associated partner companies – Unilever Technology Venture and Langholm Capital– have been investing in the west in healthcare, clean tech, water, media and environmental services through seed capital in startups, expansion capital in established businesses and by supporting management buyouts in companies seen as strategic additions to its existing portfolio.

The fund size would be around $150 million to $200 million initially, the intent is to raise money from third parties.

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