Sojitz Acquires Stake in Indian Venture Fund and Establishes Sojitz Bengaluru Office
－ Investing in India’s Innovation －
Jan. 29, 2019
Sojitz Corporation (“Sojitz”) has signed a contract to invest in “Continuum I”, a venture fund operated by venture capital firm 3one4 Capital Advisors LLP (Head Office: Bengaluru; Representative Director: Pranav Pai and Siddarth Pai; “3one4 Capital”) based in Bengaluru, India.
Through this investment in 3one4’s venture fund, Sojitz aims to obtain a broad range of information on market trends and promising start-ups with innovative AI and IoT technologies. Sojitz hopes to use this information to create new business in some of the industries in which it is already involved, using Sojitz’s wide-ranging network and broad knowledge base. Additionally, Sojitz aspires to use information from Continuum I to enter unexplored business areas as well, to create new value.
At the same time, Sojitz plans to open a Bengaluru office in Karnataka, India by April 2019. Bengaluru has become a hub for start-ups thanks to its high population of IT professionals and the many companies with global strategy offices and research development centers based in the city. Sojitz will partner with some of these start-ups to create new business geared towards the Indian and overseas markets.
Company Overview – 3one4 Capital Advisors LLP
|Head Office||Bengaluru, Karnataka, India|
|Representative Director||Pranav Pai, Siddarth Pai|
|Region of Investment||India, North America|
|Target Stage of Investment||Early stage|
|Target Sectors||AI, IoT|