CESC Ventures plans to invest in more start-ups, put in Rs 300 crore

CESC Ventures has also been on an acquisition mode and is leading futuristic businesses like FMCG for the group.

After investing in two start-ups, CESC Ventures, part of the RP-Sanjiv Goenka Group (RPSG), is planning to invest in more start-ups — primarily in the FMCG space — as a venture capitalist (VC).

“We are looking at investing in 10-20 start-ups, primarily from the FMCG vertical, to help them grow. At present, we want to remain a VC and don’t intend to take over companies in which we are investing,” Shashwat Goenka, director at CESC Ventures, said on the sidelines of the first annual general meeting.

After establishing a Rs. 100-crore fund to invest in such up-starts, the firm has raised it