startups

With Ticket Size upto $10 Mn, Microsoft’s VC Arm M12 to Boost Indian Startup Engagement

0
Nagraj Kashyap , Global Head of M12
Nagraj Kashyap , Global Head of M12

Corporate venture capital subsidiary of tech giant Microsoft, M12, formerly known as Microsoft Ventures, is looking to intensify its start-up engagement in the country by investing upto $10 million in disruptive Indian startups.

In January M12 has extended its investing coverage to India to help entrepreneurs innovate and grow with Microsoft’s reach, expertise and technologies. In the same month, the VC fund started with investing $10 million in Innovaccer, a healthcare big data startup, for under 5% stake.

M12, which has invested in 80 disruptive startups in North America, Israel and Europe, invests in enterprise software companies in the Series A through C funding stage with a focus on big data and analytics, business SaaS, cloud infrastructure, machine learning and artificial intelligence, productivity and security.

Rashmi Gopinath, Partner at M12 who leads its investments in India, said in a statement to business daily, “India is a very important geography for us and we are very excited about the high quality of technical talent here. Innovaccer is a shining example of the start-up opportunity in India. The healthcare SaaS start-up has offices in both India and the US, offering a comprehensive healthcare data platform and intelligent care application models for over 10,000 healthcare providers.”

Microsoft ScaleUp program, formerly Microsoft Accelerator, allows selected startups to co-sell with Microsoft sales teams and get access to top VCs in the global arena as well as mentorship from industry veterans.

Microsoft ScaleUp is designed for Series A startups and offers access to sales, marketing and technical support. Eligible startups partake in the immersive program at one of our eight global locations followed by ongoing support from a dedicated team of success managers.

According to Microsoft, 120 co-sell deals have been closed with more than $126 million in active pipeline for startups through its ScaleUp programme, in less than 18 months.

Not currently in India, but Microsoft also offers developer community hubs called ‘Microsoft Reactor’, a spaces designed to foster learning, networking, and resource sharing within your local startup and developer communities.

Source – Business Line

Like this content? Sign up for our daily newsletter to get latest updates.

Suman Chaudhary
An engineer by education and writer by profession, Suman keeps tab on startup ecosystem of India and leads the research team of IndiaWeb2 for covering funding deals, merger & acquisition and market reports.

The 1st State-edition of India Infrastructure Summit kicks off in Bhopal, Madhya Pradesh

Previous article

SucSEED Invests in P2P Lending Startup i2iFunding through Follow-on Funding

Next article

Comments

Comments

This site uses Akismet to reduce spam. Learn how your comment data is processed.

More in startups