Billionaire Venture signs MoU with DBS Bank to fund startups

Billionaire Venture Incubation has signed a Memorandum of Understanding (MoU) with DBS Bank to facilitate equity investments in startups. The joint venture will earmark about $200 million to invest in over 150 startups across Tamil Nadu, Maharashtra and Karnataka, initially. The joint venture will be focusing on 16 verticals and will immediately focus on fintech and edtech, among others.