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Soros, Omidyar, Google.org set up India venture

The philanthropic units of billionaire investor George Soros and Google have put $17 million into a venture with the Omidyar network to fund small and medium enterprises in India, they said in a statement.The Soros Economic Development Fund, the Omidyar Network and Google.org said the venture would make investments of between $500,000 and $3.5 million in small and medium businesses in India that lacked access to formal funding options.

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The Soros Economic Development Fund, the Omidyar Network and Google.org said the venture would make investments of between $500,000 and $3.5 million in small and medium businesses in India that lacked access to formal funding options.