Dell Ventures To Invest In Indian Startups With Its $300m Fund
The push into India comes at a time when internet giants like Soft-Bank, Alibaba and Amazon are pumping in billions of dollars of investments to gain an edge in fastest growing market.
Dell Ventures is also expected to formally announce its plans for India in the next few months.
In 2013, Dell revived its plans to instage startups and signaled its intentions by announcing the creation of a fund called the Strategic Innovation Fund, shortly after going private.
The company would be open to making strategic partnerships, and not necessarily financial investments, with startups that it backs in Asia, citing the example of Dell’s recent partnership with Indian mobile ad startup InMobi in September when founder Michael Dell had flown to India for a short trip to meet local startups.