Tuesday September 17, 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 Preparing to Launch 15-inch Surface Laptop 3

Surface earbuds is also expected to launch, as well as new keyboards with a dedicated Office button taking the place of the right-hand Windows key

0
microsoft
FILE - Microsoft Corp. signage is seen outside the Microsoft Visitor Center in Redmond, Washington, July 3, 2014. VOA

Microsoft may launch a 15-inch Surface Laptop 3 next month alongside a 13.5-inch model, which is the same screen size as the Surface Laptop 2”s.

The company is also expected to launch an AMD-powered Surface Laptop 3 and it is possible that this chip could be found on this rumoured 15-inch model, The Verge reported on Sunday.

As per the report, Microsoft will still offer a screen with a 3:2 aspect ratio, as it did on the 13.5-inch Surface Laptop.

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

In addition, the larger 15-inch model will likely support the Surface Pen as well.

Also Read: Realme 3i: Impressive Look in a Budget Smartphone (Tech Review)

The company is rumoured to launch dual-screen Surface device, codenamed Centaurus. In addition to the Centaurus, Microsoft would bring Surface Laptop 3, Surface Pro 7 and Surface Book 3 in October.

Surface earbuds is also expected to launch, as well as new keyboards with a dedicated Office button taking the place of the right-hand Windows key. (IANS)