City-based Shree Bhagavathi TechLabs, owned by Bhagavathi Devi Temple Trust at Solur in Ramanagara district, said it will receive ₹50,000 crore from multiple investors to float, fund, and scale 18 different start-up ventures across business domains by August 2026. Offices of these businesses are expected to come up in Central Business District (CBD) areas, within the limits of pincode 560001.
The key investor will be FSTC (Flight Simulation Technique Centre), a pilot training institute in which Adani Defence Systems & Technologies Ltd picked up a majority stake at ₹820 crore last year.
Shiva Shankar Kumar H., CEO and co-founder, Shree Bhagavathi TechLabs, told The Hindu that in addition to FSTC, this investment will come from multiple investors, including financial institutions, venture capital firms and private equity players.
Shree Bhagavathi TechLabs is currently in talks with investors and has finalised a funding of $250 million from multiple investors including SoftBank, a Tokyo-based, Masayoshi Son-founded investment firm that focuses on technology verticals, and 700 Capital LLC, a Cincinnati-based private investment firm that manages diverse portfolio across real estate and financial markets.
