India, Jan. 21 -- D2C ayurveda brand Kapiva has launched a INR 50 Cr innovation fund to support research and product development in Ayurveda.

The fund is open for applications from today and will back projects from research institutions, PhD scholars, hospitals, labs and startups. The startup said that the money will be used to support ayurvedic research, new product development, and the use of AI in Ayurveda.

The focus of the fund will be on building clinically tested solutions for real health problems. Along with funding, Kapiva will offer access to its in-house experts and expand its R&D facility in Bengaluru.

The startup will invest around INR 50 Lakh in early-stage research projects, while late-stage research projects could attrac...