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Microsoft’s Corporate Venture Fund M12 expands investment reach to India

17 January 2019, India:

M12

Microsoft’s corporate venture fund, M12, 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 today, 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.

Nagraj Kashyap, Global head of M12 and Corporate Vice President, Microsoft, said, “We are thrilled to broaden M12’s reach to include India. India is a market rich with entrepreneurs creating world-class startups that are poised for success on a global scale. In working with these innovative startups, we believe together we will help disrupt enterprises and industries ripe for digital transformation.”

Abhinav Shashank, CEO, Innovaccer, said, “Our unique value proposition is a holistic healthcare data platform that offers data aggregation and key analytics to help healthcare systems and insurance providers to align with value-based care models and realize significant cost savings and operational efficiency. We are excited to work with M12 and Microsoft in order to leverage their best-in-class technical, industry, and go-to-market expertise to help address needs for healthcare organizations across the world.”

M12 is comprised of experienced VCs and Microsoft veterans—with team members on the ground in North America, Europe and Israel. Globally, M12 has invested in over 70 startups in areas ranging from cybersecurity and artificial intelligence to business SaaS and industrial drones.

While the investment team functions like a traditional VC firm, the portfolio development and venture engagement groups strengthen the lines of communication between Microsoft and many of the innovation communities around the world. It has access to, and knowledge of, Microsoft’s strategic assets, enabling it to value add in excess of the contributed capital.

Innovaccer is a healthcare SaaS startup. It has offices in both India and the United States. Its products have been deployed across more than 500 locations with over 10,000 providers.

(Image – M12)

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