MNCs, Indian corporates nurture startup ecosystem, tap aspiring unicorns

MNCs, Indian corporates nurture startup ecosystem, tap aspiring unicorns

An office worker looks out at commercial and residential towers under construction in Mumbai, India. Photographer: Dhiraj Singh/Bloomberg

Two years ago, Vikas Sethia, co-founder of distribution logistics platform Udaan Logisure, conceived of a petroleum transportation service in collaboration with Reliance Petroleum, a unit of Reliance Industries Ltd (RIL). What took shape was the outcome of the 2017 summer cohort of JioGenNext, a startup accelerator backed by RIL.

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