The $300-million venture fund arm of computer giant Dell, Dell Ventures, is all set to enter into the Indian Startup ecosystem. The company is planning to invest in new-age startups in the country. This can be seen as part of Dell’s broader push into Asia.
Currently India is witnessing a battle between internet Giants Amazaon and Alibaba as both want to make the most of the Internet boom in India. They have pumped in billions of dollars of investments to gain an edge in the ‘battle’.
Dell Ventures has already announced $150 Billion investment in China and and its announcement regarding India can be seen as its last big push in Asia. In India, Dell will be backing startups that are building disruptive solutions with latest technologies such as cloud computing, security and analytics, IoT (internet of things) and big data. The company will also back Startups that have moved beyond the early-stage phase.
According to Dell, the company is planning to invest in Startups that have gone beyond the five people operation Stage. Dell Ventures will not act as accelerator and will focus on companies that are growing their business. Dell believes that attaching their brand with growing Startups will help Startups grow even faster along with the credibility they will receive.
Recently Dell entered into a strategic partnership with InMobi, an Indian mobile ad Startup.