Samsung plans 100 investments in Indian start-ups in next five years

Samsung Venture Investment Corporation (SVIC), revealed it had made maiden investments of a combined Rs 58 crore across four Indian start-ups

Samsung, the world’s biggest producer of smartphone screens, semiconductors, and mobile phones, is planning to make 100 investments in Indian start-ups over the next three to five years, through its venture capital (VC) arm.
 
It is scouting in ‘deep technology’ areas such as artificial intelligence (AI), natural language processing, the Internet of Things (IoT), blockchain, augmented reality and virtual reality, and data security. And, services technologies, in areas such as health care, insurance, vernacular content, and mobility solutions.
 
Samsung hopes to integrate many of the start-up innovations in its own portfolio of products. The plan is to invest