Qatar Investment Authority commits $1.5bln to Bodhi Tree for Southeast Asia investments | ZAWYA MENA Edition
The Qatar Investment Authority (QIA), the country's sovereign wealth fund, will financially support Bodhi Tree, an investment platform launched by James Murdoch, the founder and CEO of Lupa Systems, and Uday Shankar, a former president of Walt Disney Asia Pacific.
Bodhi Tree will invest in media and consumer technology opportunities in Southeast Asia, with a particular focus on India.
According to a joint statement from the QIA and Lupa Systems, Bodhi Tree will leverage technology to provide disruptive solutions that drive transformational outcomes in sectors with deep consumer engagement, including media, education and healthcare.
The QIA investment comes at a time when Lupa India is in the final stages of picking up a 39 percent stake in Viacom 18, a joint venture in which TV-18, controlled by Reliance Industries Limited (RIL), has a 51 percent stake. Viacom 18, which runs digital entertainment and television channels, has plans to enter the sports business.
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