India, March 23 -- Software Technology Parks of India (STPI) director general Arvind Kumar has reportedly said that the state-run incubator has so far invested a seed capital of INR 30.87 Cr in 136 startups.

As per news agency PTI, Kumar said that the autonomous body has also "financially incentivised" 359 other tech ventures through a stipend amount of INR 3.57 Cr. He also noted that 134 startups, "supported" by the incubator, have raised INR 286 Cr in funding so far.

"Amongst these supported startups, 134 have also been able to raise external funding from an investor community comprising angels and venture capitalists of about Rs 286 Cr, which is not only a validation of their business but also the testament of the progress made by th...