In a bid to strengthen the startup culture in India, a Norway-based oil and petroleum firm is expanding its operations in the country to provide long-term financial, skill and emotional support to new Indian IT businesses.
Petroleumsoft AS is providing long-term financial, skill and emotional support to IT startups in India. A club-based membership, mentorship and seed-funding network is being put in place, initial phase of which is taking shape through
Noida-based Startup Entrepreneurs which was launched in November. Petroleumsoft's sister company in India, Wesmarty Infotech, has already invested Rs80 lacs in Startup Entrepreneurs, said Rameshwar Paswan, founder of the Norwegian company.
“Our Noida center is already operating, and we are now setting up a center in Gurgaon.”