New Delhi, June 6 -- State-owned oil and gas major ONGC has announced plans to launch a Rs 200 crore Alternative Investment Fund (AIF) aimed at supporting startups operating in energy technology, artificial intelligence (AI), machine learning (ML), deep-tech and clean energy sectors.

ONGC Expands Startup Investment Push

The proposed fund will be structured as a SEBI-registered Category-I AIF and is expected to operate through institutional startup evaluation and portfolio management mechanisms to identify and support high-potential ventures.

The initiative marks ONGC's second major startup-focused investment programme. The company had earlier established a Rs 100 crore Startup Fund under the Startup India framework, a significant porti...