Alphabet and its Google subsidiary will back India-based companies as part of its newly formed Google for India Digitization Fund.
Internet and technology group Alphabet intends to invest some $10bn in India over the next five to seven years through a vehicle called Google for India Digitization Fund.
The fund was launched today, and the capital will be deployed not only through equity investments in India-based companies, but also in partnerships and investment in operations, infrastructure and the technology ecosystem.
Alphabet intends to target digital technologies that can be beneficial for India in particular. Its fields of interest include artificial…
