Freecharge founder Sandeep Tandon sets aside Rs 100 crore for early-stage hardware bets !!
Sandeep Tandon, is the founder of online financial services player Freecharge, has allocated Rs 100 crore from his family office to invest in early-stage companies in the hardware, manufacturing, and Internet of Things (IOT) space. The investment arm will cut average cheque taht sizes of between Rs 2 crore and Rs 6 crore, Tandon told ET in an exclusive interview. The Rs 100-crore allocation will be managed by Tandon’s venture capital arm, Whiteboard Capital, and will be supplemented by dedicated team members with prior experience in manufacturing technology. Tandon’s family office…