TOKYO -- Global Brain, one of Japan's largest venture capital companies, plans to invest more in startups in China and India as it looks to take advantage of geopolitical tensions that have hit valuations in the two countries.
The company plans to open offices in Shanghai and Bangalore next year, founder and CEO Yasuhiko Yurimoto said at a Global Brain event on Friday. It will invest in early stage startups with advanced technology from its 20 billion yen ($192 million) seventh flagship fund, as well as a planned eighth fund and a growth stage fund that may launch as early as next year. The two new vehicles may add up to around 30 billion yen.
