Mobile utility app developer Apus has set up a fund, backed by all of its shareholders, that will fund Indian mobile internet startups.
China-based mobile utility app developer Apus has launched a Rs 3bn ($45m) fund that will invest in mobile internet companies based in India, the Economic Times reported on Saturday.
The fund has secured backing from technology and trading firm Susquehanna International Group and venture capital firms Northern Light Venture Capital, Redpoint Ventures, Chengwei Ventures and Qiming Venture Partners.
Apus has also invested an undisclosed amount in IamWire, an India-based news publication reporting on the country’s startups, and will use that…
