BPCL Ankur Fund

BPCL Ankur Fund is the corporate venture capital arm of Bharat Petroleum Corporation Limited (BPCL), focusing on investing in innovative startups within the energy sector. The fund aims to support high-potential early-stage startups that align with BPCL's core business areas, including energy efficiency, city gas distribution, and other sectors relevant to the oil and gas industry. By providing financial backing and strategic guidance, BPCL Ankur Fund seeks to foster innovation and entrepreneurship in India's energy landscape.

The fund offers investments ranging from ₹50 lakh to ₹5 crore per startup, with a maximum equity stake of 20%. Funding is provided through equity and Compulsory Convertible Preference Shares (CCPS). BPCL Ankur Fund primarily targets startups that have developed a Proof of Concept (PoC), prototype, Minimum Viable Product (MVP), or a fully implemented solution, and are ready to expand into the oil and gas sector. This approach enables BPCL to integrate emerging technologies and solutions into its operations, enhancing efficiency and sustainability.

Since its inception in 2016, BPCL's startup initiative 'Ankur' has supported 30 startups with grant funding totaling approximately ₹28 crore. The launch of BPCL Ankur Fund marks a strategic evolution from grant-based support to equity investments, reflecting BPCL's commitment to nurturing a vibrant startup ecosystem. By collaborating with startups, BPCL aims to drive technological advancements, promote sustainable practices, and contribute to the growth and diversification of India's energy sector.

Investment Requirements:

- Startups should have a PoC, prototype, MVP, or fully implemented solution.
- Alignment with BPCL's core business areas is preferred.
- Focus on sectors such as energy efficiency, city gas distribution, and related industries.
- Preference for startups ready to scale and integrate into the oil and gas sector.

Year Founded: 2016

Portfolio Companies: []