Japan to boost Indian Startups (Bigger Japanese Investments In Indian Startups)
Indo-Japan Fund Of Funds Opens Doors For Bigger Japanese Investments In Indian Startups
- Japan’s METI, Reliance Nippon Life, angel investor TV Mohandas Pai and others have facilitated the fund
- METI’s Keiichi Onozowa said one of the objectives is to combine Japan and India’s strengths
- The fund is targeting $150 Mn (80%) raised from Japan and $37 Mn from India
In May 2018, Japan’s Ministry of Economy, Trade and Industry (METI) and India’s Ministry of Commerce and Industry set up a joint “Japan-India Startup Initiative”, and METI launched the “Japan-India Startup Hub” at the Japan External Trade Organisation (JETRO) Bengaluru, a Japanese public sector company to connect Indian startups and Japanese companies.
The Indo-Japan Fund of Funds will undertake it first closure around the end of September this year, and is aiming to invest in 200 startups through its massive network of institutional investors, conglomerates and Japanese VCs. The Indo-Japan Fund of Funds will raise monies from both Japanese and Indian investors, with $150 Mn (80%) is being raised from Japan and $37 Mn (20%) from India.
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Thanks to Nikhil Subramaniam of Inc42 for sharing information that boost greater ties between India and Japan startup community. We at IndoJapanPulse through our initiative Startup Gateway will keep bringing you all the relevant and useful information. For more details on services of IndoJapanPulse Startup Gateway refer below links
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