UST Global, a multinational provider of IT services and solutions, headquartered in Aliso Viejo, California, is planning to set up a venture capital fund in India to invest in Indian products and solution companies starting this year.
UST Global CEO Sajan Pillai told BusinessLine in an interview that the fund would focus on algorithm- and mathematically-driven software solutions and material sciences, and would be completely held by UST Global. UST Global has also entered into partnership with early-stage venture capital firm Blumberg Capital for investing in global firms.
