SAP's corporate venturing unit is reportedly re-thinkings its level of investment in India, due to changes to the tax rules there, after investing in four companies in the region.
SAP Ventures, the corporate venturing unit of the Germany-based technology company, has reportedly grown cold on investing in India.
The corporate venturing unit, which has invested 15% of its $353m fund in India, in four companies, is now considering putting its investment in the country on hold due to regulations, news provider Business Standard said.
Jai Das, managing director of SAP Ventures, said, according to the Business Standard: "With the proposed tax regulation and [General Anti-Avoidance Rules] we…
