Tidco to invest ₹25 cr each in Raptee Energy and AgniKul Cosmos
These will be the first investments under the Tidco Startup Investment Policy 2025, which represents a broader institutional shift to strengthen Tamil Nadu’s startup financing ecosystem.
“We have rebranded Tidco as an ‘enterprise catalyst’, which is the first step in transforming the organization into a solid investment arm that helps secure the government’s future in sunrise sectors,” state industry minister TRB Rajaa said in a statement. he said.
Sandeep Nanduri, managing director of Tidco, said the state has a long tradition of public institutions catalyzing private enterprise, noting that the state industrial development agency has partnered in more than 130 initiatives over the decades.
Tamil Nadu industries secretary Arun Roy said the policy allows Tidco to invest up to Rs 25 billion in eligible ventures in sunrise sectors such as electric vehicles, renewable energy, aerospace and defence, semiconductors, medical electronics, artificial intelligence, advanced technologies including blockchain and quantum computing, agriculture and food processing, technical textiles and specialty chemicals.
“The policy enables investment across the startup lifecycle, from early-stage innovation to scale and expansion, enabling fast-growing Tamil Nadu companies to access patient capital within the state,” he said.
Investment proposals under the new policy will be evaluated through a special investment committee comprising Tidco’s MD, chief financial officer, an independent director and two external subject matter experts.
