We will start going to customers in 8-12 months. Initially, we will invest USD 8-10 million, Mitra -- one of the contenders for the post of Tech Mahindra CEO position after CP Gurnani resigned -- told PTI.

India reached the top spot for on-chain adoption last year among more than 150 countries.

As part of the initiative, 12 startups -- six each from India and the EU -- will be selected and get a pitching opportunity during the 'Matchmaking Event', scheduled in June.

Among the growth-stage deals, nine startups raised $420.35 million in funding last week.Healthtech firm Engrail secured the highest funding at $157 million.