Global tech major Microsoft is looking at investing in Indian tech startups through its venture funding arm, a senior official has said. Executive Vice-President for Business Development Peggy Johnson , who reports to the company’s India-born chief executive Satya Nadella, however, didn’t quantify the overall commitment that will be made to the country, saying an announcement on the same will be made shortly. But she did indicate an explicit commitment for India.
Microsoft Ventures invests at an early-stage in start-ups and currently has offices in London, New York, San Francisco, Seattle and Tel Aviv.
The company already services about 5,000 Indian startups through its various programmes, including seven accelerators, with partners like an arm of Reliance Industries and 24 third-party accelerators, Johnson said.
The company looks at India both as a hub for its research and development, and engineering activities, and also as a market for its products, and has 11 offices in the country now employing 8,000. (Story courtesy:gadgetsnow.com)