Saturday March 23, 2019
Home Lead Story Microsoft&#82...

Microsoft’s Venture Fund to Invest in Indian Startups

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

0
//
Microsoft, Taiwan AI
A man walks past a Microsoft sign set up for the Microsoft BUILD conference at Moscone Center in San Francisco, April 28, 2015. VOA

Microsoft on Wednesday announced that its corporate venture fund M12 will invest in Indian startups with a funding size of $2 million to $10 million.

Rashmi Gopinath, partner at M12, will lead the fund’s investment portfolio in the country.

M12 announced its first India investment in the healthcare SaaS (software-as-a-service) startup called “Innovaccer”.

“M12 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.

Microsoft,
Microsoft currently has 54 Azure Cloud regions — more than AWS and Google combined.

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

According to reports, venture capital investments in Indian tech business-to-business (B2B) start-ups 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.

Also Read- China on Consecutive Missions To Moon and Mars

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

“We are thrilled to broaden M12’s reach to include India,” said Nagraj Kashyap, Global head of M12 and Corporate Vice President, Microsoft. (IANS)

Next Story

Microsoft to Increase Skype Group Members to 50

These features have been made available for beta testers on all platforms and are likely roll out more broadly later.

0
Microsoft, pixabay
Microsoft is planning to increase the maximum number of people who could be part of a Skype group. Pixabay

Software giant Microsoft is planning to increase the maximum number of people who could be part of a Skype group call from 25 to 50 members.

With this update, Skype is also enabling the audio and video buttons in larger groups to let users easily mute their microphones or turn their webcams on or off as per their convenience, Engadget reported on Friday.

Keeping the call ringing feature completely optional, Skype Version 8.41.76.55 would notify users of an incoming call by just sending a notification on the group.

skype, microsoft
Skype is also enabling the audio and video buttons in larger groups to let users easily mute their microphones or turn their webcams on or off as per their convenience. Wikimedia

“When you start a call in groups, it will send a notification instead of ringing all the members, to not interrupt those who can’t join,” the company wrote in a blog-post.

ALSO READ: Facebook Rolls Out Gaming Tab As a Part of The App

These features have been made available for beta testers on all platforms and are likely roll out more broadly later. (IANS)