GERMAN MEDIA GROUP, BERTELSMAN TO INVEST $200 – 250 MN IN INDIA STARTUPS

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NEW DELHI- German Media Group, Bertelsman is looking to invest $200 – 250 Mn in India startup over the next four years. The group aims to invest $50 – 60 Mn each year in funding Indian startups in areas such as ecommerce, fintech and edtech. Pankaj Makkar, MD Bertelsman India Investments told ET, “We made our first investment in 2013 in India. If we include the commitments that we have lined up for the next 12 months for deals that we have an outlook for ,the deployment would be about $200 Mn. This is just for our follow-on investments and new deals will be over and above this.” Three years after it made its first investment in India, BII has deployed $150 Mn in 30 deals in the Indian startup ecosystem. Some of Bertelsmanns bets are in Indian startups such as furniture market place Pepperfry, Online leading platform Lendingkat, Music streaming app Saavn and budget hotel chain Treebo. Bertelsman is stepping up its activities in India with follow-on-investments in two digital startups.

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