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1 September 2017

Corporate venturing deal net: 31 August - 1 September 2017

Each Friday the Global Corporate Venturing Deal Net rounds up the week’s smaller deals and tracks the emerging companies accessing corporate funds.

Author: Thierry Heles, Reporter

Conglomerate Mitsui is set to acquire a stake of undisclosed size in India-based renewable energy grid operator OMC Power for approximately ¥‎1bn ($9m), according to Mint. Founded in 2011 as Omnigrid Micropower Company, OMC supplies electricity to mobile telecoms towers and operates solar power plants in rural areas, where it has set up small-scale distribution grids. The company has not disclosed prior funding rounds.