Japanese mobile entertainment company MIXI has announced the launch of India’s first $50 million Corporate Venture Capital (CVC) fund. The brand aims to empower early-stage entertainment startups in the country.
The newly launched CVC will serve as an investment vehicle for MIXI to identify and help start-ups with a focus on the entertainment sector and consumer services. According to the company, the initiative is a reflection of its goal of fostering innovation in communication and entertainment in emerging countries.
