Conglomerate JSW Group's corporate venturing vehicle has received permission from the Indian regulator to begin making investments.
India-based conglomerate JSW Group has received approval from the country’s Securities and Exchange Board of India regulator to make venture capital investments through its corporate venturing unit, the Economic Times reported on Thursday.
JSW Ventures will supply early-stage funding to startups developing education, healthcare, financial services, cleantech, enterprise software, software-as-a-service (SaaS), e-commerce and e-commerce services technology.
The fund will be equipped with an initial Rs 1bn ($14.7m) in capital, which will be deployed over three years.
JSW Ventures will be run…
