In the last two years, Micromax has already invested in about 10 start-ups, including ixigo, Gaana, HealthifyMe and Scandid. Photo: BloombergNew Delhi: Handset maker Micromax is setting up a $75-million independent fund that will focus on investing in domestic and international consumer Internet companies. Backed by Micromax as an investor and strategic partner, the fund will focus on investing in consumer Internet companies both locally and internationally. “This fund will look at investing in consumer Internet companies across the world that have local relevance,” Micromax co-founder Rahul Sharma told PTI. In the last two years, Micromax has already invested in about 10 start-ups, including ixigo, Gaana, HealthifyMe and Scandid.

Source: Mint February 05, 2017 16:28 UTC