Samsung’s VC arm debuts in India, puts $8.5 mn in 4 startups

Samsung Venture Investment Corporation (SVIC), the venture capital arm of South Korean technology giant Samsung, has invested around $8.5 million in total in its maiden investment in the Indian startup ecosystem. SVIC has acquired 20% stake in Mumbai system apps startup Indus OS. It has also backed Bengaluru's Gnani.ai and Silvan Innovation Labs and an undisclosed computer vision startup.