Microsoft close to making strategic investment in Indian tech start-up
Microsoft Ventures is looking at sectors such as transportation, education, cloud computing as potential future bets for investment in India
Bangalore: The head of Microsoft Corp.’s newly created corporate ventures arm said on Tuesday that it is close to making a strategic investment in an Indian technology start-up, adding that it is looking at a number of sectors in India, including transportation and education in terms of potential investment bets.
The company usually makes early-stage investments in the range of $50,000-$300,000 in start-ups, said Rahul Sood, general manager and partner of Microsoft Ventures. It also focuses on larger strategic investments when it intends to partially or completely acquire a promising upcoming technology firm, as and when such opportunities arise, Sood said.
“The most interesting aspect for us to look at in start-ups is entrepreneurs who are... solving a particular problem and really understand the problem that they’re solving,” Sood told reporters.
Microsoft Ventures is looking at sectors such as transportation, education, cloud computing, and next-generation advertising, as potential future bets for investment in India.
The company was setting up accelerator programmes, which incubate early-stage start-ups, in various cities across the world, such as Rio de Janeiro in Brazil and London, Sood said in a recent interview with Mint.
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First Published:29 Oct 2013, 09:56 PM IST
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