Bengaluru firm Shree Bhagavathi Tech Labs to raise ₹50,000 cr to float, fuel 18 startup ventures

City-based Shree Bhagavathi TechLabs, owned by Bhagavathi Devi Temple Trust at Solur in Ramanagara district, said it will receive ₹50,000 crore from multiple investors to float, fund, and scale 18 different start-up ventures across business domains by August 2026. Offices of these businesses are expected to come up in Central Business District (CBD) areas, within the limits of pincode 560001.

The key investor will be FSTC (Flight Simulation Technique Centre), a pilot training institute in which Adani Defence Systems & Technologies Ltd picked up a majority stake at ₹820 crore last year.