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Billionaire Venture signs MoU with DBS Bank

Chennai (Tamil Nadu) [India], September 14 (ANI/NewsVoir): The Chennai-based Billionaire Venture Incubation and DBS Bank are signing an MoU today to facilitate investment in the fast-growing startups in India through a Special Purpose Vehicle (SPV) formed by this joint venture in the form of equity. Dr Subhash Sukumar, Board Member, Billionaire Venture Incubation said, "The newly formed joint venture will earmark about $200 million in collaboration with DBS Bank to extend capital for about 150+ startups in Tamil Nadu, Karnataka and Maharashtra initially. Plans are also underway to expand to northern part of the country at a later date." Besides creating thousands of jobs through this initial initiative, the JV will fulfil the dream of many young entrepreneurs to promote more such Startups in the country and create millions of jobs in the years to come. Charan Kumar, Regional Segment Head - South India, DBS Bank said, "The JV will facilitate the knowledge sustenance withi ....

Tamil Nadu , Subhash Sukumar , Charan Kumar , Chennai Based Billionaire Venture Incubation , Special Purpose Vehicle , Board Member , Billionaire Venture Incubation , Regional Segment Head , State Governments , Billionaire Venture , Venture Incubation , Greater China , Southeast Asia , Chennai Tamil Nadu India , Eptember 14 Ani Newsvoir The Chennai Based Billionaire Venture Incubation And Dbs Bank Are Signing An Mou Today To Facilitate Investment In Fast Growing Startups India Througha Special Purpose Vehicle Spv Formed By This Joint Form Of Equity Dr Subhash Sukumar , Board Member , Illionaire Venture Incubation Said , Uot The Newly Formed Joint Venture Will Earmark About 200 Million In Collaboration With Dbs Bank To Extend Capital For 150 Startups Tamil Nadu , Arnataka And Maharashtra Initially Plans Are Also Underway To Expand Northern Part Of The Country Ata Later Date Quot Besides Creating Thousands Jobs Through This Initial Initiative , He Jv Will Fulfil The Dream Of Many Young Entrepreneurs To Promote More Such Startups In Country And Create Millions Jobs Years Come Charan Kumar , Egional Segment Head South India , Bs Bank Said , Uot The Jv Will Facilitate Knowledge Sustenance Within Our Country And Additional Contribution To Gdp As More Entrepreneurs Including Iit Graduates Are Eager Promote Startups Encouragement Given By Both Centre State Governments In Form Of Subsidy On Investment Also Encourage New Entrants Quot Detailing Mode Operations 16 Verticals Identified , He Jv Will Immediately Focus On Certain Verticals Such As Fintech , Dutech And Other Critical Areas Besides Extending Capital , He Jv Would Provide Technology And Education Related To The Business Of New Entrants Added ,