Bertelsmann India Investments (BII) has acquired a stake in the Indian start-up Squad Stack. BII led the $17.5 million “Series B” investment round for the company. Squad Stack sees itself as a modern, strongly tech-driven personnel marketplace based on SaaS (Software as a Service), which handles telesales tasks for corporate customers.
Bertelsmann is systematically implementing its Group-wide Boost 25 strategy. Under the strategy, the company plans to invest between €5 billion and €7 billion by 2025. BII is ready to deepen its engagement within India and expand further with a structured agenda. We are pleased to announce that we aim to invest €470 million (around $500 million) in the next five years.
Bertelsmann India Investments (BII), the venture capital investment arm of Germany-headquartered media firm Bertelsmann SE & Co. KGaA, has raised $500 million to be invested in India over the next few years.
Over the next four years, Bertelsmann India Investments (BII) expects to invest upwards of $500 million in Indian start-ups. BII is the strategic investment arm of German multinational company Bertelsmann, which has been operational in the country for the past seven to eight years.
Bertelsmann India Investments, backer of startup unicorns such as Licious and Eruditus, has doubled its allocation for India to…
Bertelsmann India Investments has made initial or follow-up investments in four young Indian companies. The fund has invested in the Licious food delivery service, the online video portal Roposo, the logistics platform Lets Transport and online education company Eruditus.