New Delhi, March 16 -- Ashar Group, on 16 March, said it had launched Ashar Urban Futures Lab (UFL), India's first venture studio for urbantech, proptech, and constructiontech, committing Rs.25 crore to support 10-15 startups over the next 24 months, with Rs.50 lakh initial investment per startup to bridge the funding gap in urban innovation.

As per the company, Ashar UFL follows a three-phase framework-identifying real industry problems, rapidly building and testing solutions in real-world conditions, and preparing startups for market traction and fundraising, creating a structured pathway from concept to commercial success within 12 months.

As applications open for its first cohort, Ashar Group said it aims to reshape India's urban fu...