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Anil Agarwal led Vedanta Group sets up $1bn fund for startups

Focussing on startups operating in Natural Resources

Anil Agarwal is setting up the first Natural Resources focussed fund and is planning to invest upto $32mn (Approx INR. 200 cr) in startups operating in natural resources sector.

In the mid-1970s, he began trading in scrap metal, collecting it from cable companies in other states and selling it in Mumbai. In 1976, Anil Agarwal acquired Shamsher Sterling Corporation, a manufacturer of enameled copper, among other products.

Vedanta Resources, headquartered in London, is a globally diversified natural resources conglomerate, with interests in zinc, lead, silver, copper, iron ore, aluminium, power generation, and oil and gas.

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