Rishi Khiani, who had resigned from Times Internet as the CEO in August 2012, has launched Ant Farm an innovation sandbox, to support business ideas from India. In its website, Ant Farm mentions that its aim is to create global brands that are ideated and built out of India. The development was first reported by TechCircle.

As we had reported earlier, Upen Rai, former Director at Times Internet, has joined Khiani in Ant Farm. According to the TechCircle report, Rai has joined as the COO of the company. According to its website, Ant Farm has already inducted five companies namely Stylista, Arrive, Social Plug, Fork and Teach Cast. More details on these is likely to arrive by next week when the company makes the formal launch announcement.

In his LinkedIn profile, Khiani writes that Ant Farm is not an incubator, an accelerator or a fund. “We take great ideas, put together all the key ingredients of people, technology, strategy, marketing and money to build these out into real companies. Our focus areas are education, travel & leisure, retail, ad-tech and life sciences,” he added.

“Ant Farm was born with the vision that it is possible to create a “perfect” company that consistently churns out “perfect” companies. We don’t discriminate on real talent because of the lack of a degree, we don’t create drones, we understand that each individual needs to be truly empowered and supported to bloom and deliver, more importantly we believe in wealth creation for the teams that toil day and night to build these great companies,” the company said in its website.