India, Feb. 26 -- Edtech major upGrad has launched an incubator, 'upGrad AI Incubator', to back homegrown AI startups.

With an initial allocation of INR 100 Cr, the Mumbai-based company plans to invest in 5-6 startups over the next few months, it said in a statement.

With this incubator, upGrad aims to drive product innovation in startups by providing them resources including infrastructure and seed capital, the statement added.

(The story will be updated soon.)

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