State Bank, Japan’s Softbank Announce $100-Million Venture Fund


The Economic Times: India’s largest commercial bank, the State Bank of India, has entered into a JV with Japan’s Softbank Investment to form a $100-million venture fund. It will invest $5-10 million over a holding period of 3-to-5 years. The sectors include BPO, KPO, life-sciences, online businesses, technology-enabled design and manufacturing, as well as in emerging areas of nano technology and environmental technology.
Softbank Investment has invested in mobile content company Mobile2win.

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