2.20.2008

Google, Others Team to Invest in India

Google.org, the philanthropic arm of Google Inc., has teamed up with the Soros Economic Development Fund and Omidyar Network to fund a $17 million company that will invest in small- and medium-size business in India.

The Small to Medium Enterprise Investment Co. would fill the gap between loans offered by microfinance institutions and those of large commercial banks and private equity funds. (AP)