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Startups

Japan's venture capital shifts to India's startups for growth

South Asia's big market remains competitive despite global slowdown

Japanese venture capital firm Incubate Fund has backed ShopKirana, an app used by Indian mom-and-pop stores to replenish inventories. (Photo courtesy of ShopKirana)

TOKYO -- Japanese venture capital firms increasingly are looking to India for promising investment opportunities amid an unfriendly global business environment for startups.

Incubate Fund is preparing to launch a third fund for Indian startups. The Tokyo-based company aims to put together $60 million, more than triple the capitalization of the second fund.

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