India, May 28 -- Bajaj Finserv is set to invest up to Rs.2,000 Cr over the next five years in startups and early-stage companies as part of its newly launched applied research and innovation initiative, Finserv Intelligence.

Via the initiative, the financial services major intends to back startups with "strong scalability potential" across artificial intelligence (AI), cybersecurity, quantum technologies, fintech and consumer technology platforms.

In a statement, Bajaj Finserv said that Finserv Intelligence is a group-wide strategic platform focused on building "high-tech, low unit-cost, highly scalable solutions" from India for domestic and global markets.

It has partnered with the IIT Bombay to establish a joint research centre focus...