Top News

SBI Capital to set up $100 million VC fund for knowledge-based sectors

State Bank of India’s subsidiary SBI Capital Markets plans to set up a $100 million (about Rs 400 crore) venture capital fund to invest in knowledge-based sectors in the country.

According to SBI Capital, India Knowledge Fund will invest in sectors such as IT, knowledge process outsourcing, clinical research outsourcing, nanotechnology, online and mobile businesses, environmental technology and alternative energy.

State Bank of India’s subsidiary SBI Capital Markets plans to set up a $100 million (about Rs 400 crore) venture capital fund to invest in knowledge-based sectors in the country.

According to SBI Capital, India Knowledge Fund will invest in sectors such as IT, knowledge process outsourcing, clinical research outsourcing, nanotechnology, online and mobile businesses, environmental technology and alternative energy.

SBI Capital has already entered into a joint venture with Softbank Investment Holdings of Japan for the fund. The fund will invest primarily in unlisted, high growth companies through initial investments ranging from $3 million to $10 million. (Source: Business Standard)

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Close