Given the rapid expansion of the start-up ecosystem in India, Microsoft has been looking for start-ups to invest in. Recently, the firm announced its first investment in India in an Innovaccer healthcare start-up.
The USD 11 million financing was resulted by the company’s M12 (formerly Microsoft Ventures) venture capital (VC) arm, which works to identify innovative businesses around the globe.
M12 made 80 investments with Innovaccer in start-ups across the US, Europe, Israel and the latest one with Innovaccer in India. Gopinath said VC investments are aimed at further enhancing the ecosystem around Microsoft’s product suite across various lines of technology.
“Our focus regions are AI / ML, cloud infrastructure, DevOps, SaaS company, cybersecurity, and so on, as these are the main product spaces where Microsoft has a powerful presence. If we invest in start-ups operating in these areas, we can help them develop significantly, “said M12 partner Rashmi Gopinath.
“We have placed ourselves to bring together distinct components of Microsoft to assist the start-up ecosystem. Start-ups can profit from the tech and business ecosystem capacities current in the enterprise globe. India has over 30,000 start-ups and our task is to empower innovators to attain their greatest potential,” said Anant Maheshwari, President of Microsoft India.