Microsoft’s M12 expands investment reach to India
Business

Microsoft’s M12 expands investment reach to India

Agency News

Bangalore, Jan 16: M12, Microsoft's corporate venture fund, on Wednesday announced that it would extend its investing coverage to India to help entrepreneurs innovate and grow with Microsoft's reach, expertise, and technologies.

Rashmi Gopinath, partner at M12, will be leading M12's investments in India.

Microsoft continues its portfolio of investment in the Indian startup ecosystem with M12 announcing its first India investment, Innovaccer, a startup working to solve data interoperability challenges in healthcare and helping health systems enhance their clinical and financial outcomes with a data-first approach.

Venture capital investments in Indian tech business-to-business (B2B) start-ups have been trending upwards with over 3.09 billion dollars raised in equity funding across 415 deals in 2018, 28 per cent more than 2.41 billion dollars invested in 2017.

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, software as a service (SaaS), data analytics and Internet of Things (IoT). These sectors continue to be top strategic priority focus areas for Microsoft and M12 as well.

In addition, India offers unique competitive advantages by being home to top technical talent in the world including deep tech areas such as computer vision, robotics, blockchain and autonomous driving. These factors position India favourably to support highly innovative startups that can effectively compete on a global scale.

Innovaccer is a shining example of the startup opportunity in India. The healthcare SaaS startup has offices in both India and the United States, offering a comprehensive Healthcare Data Platform and intelligent care application modules for over 10,000 healthcare providers across 500 practice locations. Leveraging machine learning and healthcare-related contextual expertise, Innovaccer enables its users to consolidate financial, claims, patient, and operational data together to provide a comprehensive patient 360-view for better decision-making, care coordination, and reporting. (UNI)

pennews
www.pennews.net