Mixi Launches $50 Million CVC to Invest in India’s Entertainment Startups
By Pooja Malik
MIXI, a Japanese mobile entertainment company, has launched its first corporate venture capital (CVC) fund of $50 million in India to support early-stage startups in the entertainment industry in the country. The company plans to use 30-50 billion yen ($200-350 million) for mergers and acquisitions and capital and business partnerships between FY23 and FY25. It aims to create global businesses and strengthen global synergies by focusing investments on overseas markets, including emerging markets.
Photo courtesy of Priscilla Du Preez.
Source: Your Story (link opens in a new window)
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