5 startups receive Rs 6.5 cr equity investment from Tamil Nadu govt

Five startups engaged in various sectors, including electronics manufacturing and healthcare, have received funding of Rs 6.5 crore from the Tamil Nadu government.

The sanction of equity investments in the companies was issued under the Tamil Nadu SC/ST Startup Fund by Chief Minister M K Stalin at an event here organised by StartupTN, a press release said on Thursday.

Accordingly, Ecopmin Technologies, which is engaged in electronics manufacturing, received Rs 3 crore while Adhiban Farms Pvt Ltd, which deals with agriculture technology, secured funding of Rs 2.2 crore.