• Chethan Machaknur

SBI To Invest $150 Mn in B2B Ecommerce Platform Bharat cafe

State Bank of India (SBI) to invest $150 Mn to set up B2B ecommerce marketplace, Bharat Cafe, for micro, small and medium enterprises (MSMEs).

SBI MD Challa Sreenivasulu Setty told  that Bharat Cafe will be an ecommerce and technology-driven platform which will allow SBI customers to sell their products. The state-run bank is looking to design the platform using the China-based Alibaba and Alipay model to route transactions, despite the government pushing public sector units (PSUs) and private entities to boycott Chinese companies.

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