Tokyo FinTech
Published in

Tokyo FinTech

MUFG Bank to Invest USD 300 Million in Indian Startups

MUFG’s core banking subsidiary MUFG Bank announced today that it plans to invest USD 300m in Indian startups through the new “MUFG Ganesha Fund”.

Through this fund, MUFG Bank will invest in middle- to late-stage Indian startups. In the future, MUFG aims to leverage their group strengths to provide a wide range of financial services to their portfolio companies.

These investments are in addition to those made by MUFG’s corporate venture capital arm, MUFG Innovation Partners (MUIP), which in January 2022 invested in M2P Fintech, a leading financial infrastructure company that enables businesses of any scale to embed financial products in their customer journeys. M2P is founded and headquartered in India, with market presence in multiple countries in Asia.

India, aided by strong economic growth, has seen an increase in the number of startups leveraging digital technology, given the rise of young digital natives in the country, the rapid spread of the Internet, and the promotion of governmental policies that support digitalization. Many of these startups are using technology to solve social issues, such as fintech companies that support unbanked segments within the country who were previously unable to receive financial services as well as companies specializing in the environmental sustainability and renewables sectors.

Since positioning the capture of Asian growth, responding to the digital shift, and contributing to environmental and social issues are priority strategies, MUFG has pursued initiatives in the region, such as building a business platform through investments in partner banks and supporting startups via Mars Growth Capital. MUFG will further contribute to the development of new industries and the sustainable development of local communities by financially supporting the growth of startups in India. Through the fund, MUFG will also drive collaboration with promising companies in the areas of tech and IT, and explore new business opportunities.

Source: MUFG press release

This article is part of our Tokyo FinTech Publication, please follow us to read more from our writers, like hundreds of readers do every day. Please also register for our short weekly digest, published some Saturdays, at the link below.

Should you live in Tokyo, or just pass through, please also join our Tokyo FinTech Meetup. In any case, our YouTube channel and LinkedIn page are there for you as well.




一般社団法人 (General Incorporated Association) Tokyo FinTech is registered as a non-profit organization in Japan, promoting the domestic ecosystem through innovation

Recommended from Medium

Virtual Employee Volunteering in the times of Corporate Activism

How Restaurant Business Affected By The Coronavirus?

5G Industry Insights

Fantasy Invest weekly

The Value-Added Concept in Economics

Ministry of Corporate Affairs relaxes certain deadlines and rules in light of the COVID

Are You Ready to To Take Your Small Business Global? 4 Experts Offer Their Advice

Amazon appears to be planning two more facilities in Colorado Springs

Amazon appears to be planning two more facilities in Colorado Springs

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
Norbert Gehrke

Norbert Gehrke

Passionate about strategy & innovation across Asia. At home in Japan. Connector of people & ideas.

More from Medium

Launch of Greater Bay Area Fintech Sandbox

Are You Really Losing Your Start-up Stake to VC’s?

fund raising — is it good or bad?

Preferred Banking for SMB’s

Building the S&P 25,000