Microsoft's corporate venture fund M12 to invest in Indian startups, picks up stake in Innovaccer - Firstpost
16 Jan 2019 8:25 AM GMT
Betting big on the burgeoning Indian startup ecoystem, Microsoft's corporate venture fund, M12, on Wednesday said it will invest in various startups in the country with a funding size of $2 million to $10 million
- Bengaluru: Betting big on the burgeoning Indian startup ecoystem, Microsoft's corporate venture fund, M12, on Wednesday said it will invest in various startups in the country with a funding size of $2 million to $10 million.
- 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 $2-10 million.
- 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.
- 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.
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