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SBI to invest $150 Mn for MSME-Centric B2B E-commerce platform


Content Team

State Bank of India (SBI) is looking to invest $100 Mn to $150 Mn (INR 750 Cr to INR 1000 Cr) to set up its latest B2B ecommerce marketplace, Bharat Cafe, for micro, small and medium enterprises (MSMEs). SBI MD Challa Sreenivasulu Setty said, that Bharat Cafe will be an ecommerce and technology-driven platform which will allow SBI customers to sell their products.