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Samsung Venture funds $8.5 million in 4 Indian startups, plans to support 100 more startups in next 3-5 years — TechGraph
Samsung Venture Investment Corporation (SVIC), the investment arm of the South Korean tech giant, on July 10 said it has made its maiden investment in India by pumping in $8.5 million (approximately Rs 58.28 crore) in four Indian startups. SVIC, which has invested in a number of startups globally and has over $2.2 billion in assets under management, hopes to invest in 100 Indian startups over the next three-five years.