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HindustanTimes Fri,29 Aug 2014

Microsoft to make strategic investment in Indian tech start-up

Livemint  Bangalore, October 30, 2013
First Published: 12:26 IST(30/10/2013) | Last Updated: 12:30 IST(30/10/2013)

The head of Microsoft Corporation’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.

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