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Aditya Birla Group launches new initiative ‘Bizlabs’ to work with start-ups

Kumar Mangalam
Birla-led Aditya Birla Group has launched a new initiative to collaborate with start-ups
called Bizlabs.

Kumar Mangalam
Birla-led Aditya Birla Group has launched a new initiative to collaborate with start-ups
called Bizlabs.

According to a
Live Mint report, the initiative will work with start-ups in the retail,
financial services and mobility businesses—areas where the group has a large
presence through firms, including its retail, fashion & lifestyle and
mobile phone services units.

“Our objective
at Aditya Birla Bizlabs is to enable the combination of the technology and
ingenuity of the start-up ecosystem with the power and reach of the group’s
businesses to create a platform to foster growth and rapidly scale-up
businesses. We are excited with the prospect of working with start-ups on a
collaborative platform,” Dev Bhattacharya, group executive president, Aditya
Birla Group, told the Live Mint.

Bizlabs is a
20-day programme, in which the selected entrepreneurs will get access to CEOs
and other top leaders of the Aditya Birla Group.

“In addition,
the selected start-ups will have the opportunity to scale up by entering into a
commercial arrangement with the group’s businesses. They may also receive an
investment from an independent arm of the Aditya Birla Group,” the company said
in a statement.

Indian business
behemoth Tata Group is also in the process of starting several new initiatives
such as an omni-channel marketplace that seamlessly integrates store shopping
and online buying.

Offering famous
brands besides its own across lifestyle and electronics categories, this
start-up, backed by Tata Industries Ltd, will be powered by technology
platforms, and systems and processes managed through collaboration with select
Tata companies.

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