Sistema plans to expedite its pace of investment in India's startups and expects to exhaust its USD 50-million Asia fund by first half of 2017, of which about one-third has been used till date. Sistema JSFC started investment in India in 2008 and is the first private conglomerate from Russia to invest in the Indian telecom sector by acquiring 73.7 percent stake in Shyam Telelink, a fixed-line and CDMA mobile service provider operating in Rajasthan. The Sistema group is in good financial shape at the moment and hence, there is no financial restriction for funding. The company is looking to invest in technology and niche consumer-centric segments.


 1 feb


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