Billionaire Venture and DBS Bank formed a joint venture.

Billionaire Venture, an invesmtent company, and DBS Bank, a consumer bank formed a joint venture, to invest in Indian startups. “The newly formed joint venture will earmark about $200 million in collaboration with DBS Bank to extend capital for about 150+ startups in Tamil Nadu, Karnataka and Maharashtra initially. Plans are also underway to expand to the northern part of the country at a later date,” Subhash Sukumar, Billionaire Venture Board Member.