Bertelsmann raises $500mn to back startups

Bertelsmann India Investments (BII) has raised $500 million as part of its early stage programme to back tech startups. BII plans to partner with existing top VCs and entrepreneurs to make selective Series A investments - both as lead or follow-on investments and make three-four such deals annually.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/453y8xm
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