Home » India » Microsoft’s M12 to invest in Indian startups, picks up stake in Innovaccer

Microsoft’s M12 to invest in Indian startups, picks up stake in Innovaccer

Jan 17, 2019 | Emerging Trends, India

M12 Partner Rashmi Gopinath said the entity will invest in enterprise B2B startups, participating in series A to C rounds with cheque sizes ranging between USD 2-10 million.

Betting big on the burgeoning Indian startup ecosystem, Microsoft's corporate venture fund, M12, on Wednesday said it will invest in various startups in the country with a funding size of USD 2 million to USD 10 million. M12, formerly known as Microsoft Ventures, has chosen health-tech startup Innovaccer as its first investment in India.

M12 Partner Rashmi Gopinath said the entity will invest in enterprise B2B startups, participating in series A to C rounds with cheque sizes ranging between USD 2-10 million.

The company will lead these rounds or co-invest alongside strong local investors, she added.

It focusses on areas like big data and analytics, business Software as a Service (SaaS), cloud infrastructure, machine learning and artificial intelligence, productivity and security.

ETA Investment Banner

Make an Enquiry
Fill out the form and a member of our team will get back to you shortly.Usual response time 1-2 hours.


Talking about Innovaccer, Gopinath said the startup is working to solve data interoperability challenges in healthcare and helping health systems enhance their clinical and financial outcomes with a data-first approach.

Tech investment activity in India is at an all-time high. Venture capitals are estimated to have pumped in over USD 3.09 billion in business-to-business (B2B) startups in 2018 across 415 rounds, which is 28 per cent more than USD 2.41 billion invested in 2017, she said.

Moreover, an increasing number of enterprise B2B startups are being founded in India that cater to a global customer base, most notably in artificial intelligence and machine learning, robotics, SaaS, data analytics and Internet of Things (IoT), she added.

India also offers a unique competitive advantage as it is home to top technical talent, including deep-tech areas such as computer vision, robotics, blockchain and autonomous driving, she said.

"These factors position India favourably to support highly innovative startups that can effectively compete on a global scale," said Gopinath.

India is a market rich with entrepreneurs creating world-class startups that are poised for success on a global scale, said Nagraj Kashyap, Global head of M12 and Corporate Vice-President at Microsoft.

"In working with these innovative startups, we believe together we will help disrupt enterprises and industries ripe for digital transformation," he said.

M12 includes experienced venture capitalists and Microsoft veterans with team members on the ground in North America, Europe and Israel. Globally, M12 has invested in over 70 startups in areas ranging from cybersecurity and artificial intelligence to business SaaS and industrial drones.

Article Source : moneycontrol

Up to 15% Returns on Investment

Fixed return investments fully backed by properties.

*15% p.a. paid at the end of the term on capital gain option*

 

Submit your email address and a member of our team will contact you shortly. Usual response time is 1-2 hours.

Naspers Is Said to Eye Fintech Deals in $1 Billion India Push

Naspers, Africa’s largest company based on market value, is gearing up to spend $1 billion in India in the form of investments focused on the financial technology market. According to a report in Bloomberg, citing people familiar with the matter, Naspers is looking...

Spain’s Puig makes India entry with investment

Spanish fashion and fragrance company Puig SL has marked its entry into India by picking a minority stake in private equity-backed Kama Ayurveda Pvt. Ltd. Puig will infuse Rs 100 crore ($14.4 million at current exchange rate) as part of the transaction and will have...

UP TO 15% PER YEAR FIXED RETURN

 

Flexible Terms

3 year investment plan, ideal for first-time investors.

Flexible Payment Options

Option to receive interest payments monthly or quarterly.