MUFG is launching a $250-mn fund to back Indian startups: Report

Japan's Mitsubishi UFJ Financial Group (MUFG) is launching a $250 million fund to invest in Indian startups, with a focus on early and growth-stage companies, particularly in fintech, The Economic Times reported. The fund may be expanded to $400 million. The move comes as global investors such as SoftBank and Tiger Global scale back their investments.