Mahindra Satyam, a leading global consulting, IT and business services provider and SBI Holdings, Inc. (SBIH), have inked pact to launch a joint fund aimed at investing in ICT companies globally.
The total size of the proposed fund will be $50 million with equal contribution from both. The fund will be subject to regulatory and other approvals. The objective of the fund is to help leapfrog the innovation curve by investing in high growth and promising companies in the evolving ICT space.
SBIH is a leading global internet based financial conglomerate and Japan's largest venture capital private equity house, currently managing more than $3 billion.
Mahindra Satyam is a leading global business and information technology services company that leverages deep industry and functional expertise, leading technology practices, and an advanced, global delivery model to help clients transform their highest-value business processes and improve their business performance.
