TechM in talks with key players for internal startups

BENGALURU: Tech Mahindra said it is talking to strategic players, venture capital firms and private equity players to raise external funding in the three startups it has built internally, as it moves ahead with plans to spin them off. The startups include its Saral Rozgar platform among others. Tech Mahindra said last year that it planned to spin them off in the next 18 months.

“We are talking to a number of players for investments but in this environment it is taking a little time,” Jagdish Mitra, Chief Strategy &Marketing Officer at Tech Mahindra said.