Microsoft's M12 to invest in Indian startups, picks up stake in Innovaccer

Betting big on the burgeoning Indian startup ecoystem, Microsoft's corporate venture fund, M12, Wednesday said it will invest in various startups in the country with a funding size of USD 2 million to USD 10 million.

M12, formerly known as Microsoft Ventures, has chosen health-tech startup Innovaccer as its first investment in India.

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 USD 2-10 million.

The company will lead these rounds or co-invest alongside strong local investors, she added.

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 ...