Kolkata, 25 August: INDIA’s third largest private business conglomerate Aditya Birla Group has decided to collaborate with start-ups from across India to boost its retail, mobile telephony and financial services business.
The Rs 267,000-crore group which recently launched Aditya Birla Bizlabs, a new initiative focused on innovative business models, has invited applications from start-ups to join a 20-day session with its senior officials.
As part of the initiative, the company will provide the short-listed start-ups an access to its chief executive officers and corporate executive officers, besides an opportunity to network with reputed industry experts.
Selected start-ups stand a chance to scale-up their operations by entering into a commercial arrangement with the group’s businesses. The start-ups might also fetch investments from an independent arm of the Aditya Birla Group.
“Our objective at Aditya Birla Bizlabs is to enable the combination of technology and ingenuity of the start-up ecosystem with the power and reach of the Group’s businesses to foster growth and rapid scale-up. We are excited at the prospect of working with start-ups on a collaborative platform” said Aditya Birla Group’s executive president Dev Bhattacharya.
The company says that it is looking at start-ups that offer innovative solutions in retail, financial services or mobile telephony where Aditya Birla Group already has a strong market presence. Aditya Birla Group runs popular brands and services such as Idea Cellular, Pantaloons, Madura Fashion & Lifestyle and a host of financial products.
The company has urged interested start-ups to send in their applications on www.adityabirlabizlabs.com by 2 September.