Hotmail co-founder Sabeer Bhatia to invest $200 million to help farmers
The co-founder of Hotmail is investing part of his $200 million fortune in a company to help farmers in India.
Sabeer Bhatia’s new company SABSE, which means “everyone” in Hindi, aims to distribute soil and water sensors to 200 million farmers in India.
He told ARN that the sensors could boost the income of farmers by up to 40 per cent.
Bhatia sold the company for $400 million in 1997, and he explains how he managed to drive a hard bargain with Microsoft CEO Bill Gates.