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Microsoft's venture fund M12 to invest in Indian startups

IANS  |  Bengaluru 

on Wednesday announced that its corporate venture fund will now invest in Indian startups, helping entrepreneurs innovate and grow.

Rashmi Gopinath, a partner at M12, will lead M12's investment portfolio in the country.

also announced its first investment in the SaaS (software-as-a-service) startup called "Innovaccer".

"offers unique access to strategic go-to-market resources and relationships globally. I hope we will get a great traction in the Indian market," Gopinath told reporters here.

As the corporate venture arm for Microsoft, M12 (formerly Ventures) invests in companies in the Series A through funding stage.

According to reports, investments in Indian tech business-to-business (B2B) startups have been trending upwards with over $3.09 billion raised in equity funding across 415 deals in 2018 -- 28 per cent more than $2.41 billion in 2017.

offers unique competitive advantages by being home to top technical talent in the world in areas like computer vision, robotics, blockchain and autonomous driving, said

"We are thrilled to broaden M12's reach to include India," said Nagraj Kashyap, Global head of M12 and Corporate Vice President, Microsoft.

--IANS

na/nir

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Wed, January 16 2019. 16:44 IST
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