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$300 million venture fund arm of Dell planning to invest in Indian startup ecosystem

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Dell Ventures, the $300-million venture fund arm of personal computing giant Dell, is planning to bet big on the Indian startup ecosystem and partner or invest in new-age disruptive startups in the country, as part of its broader push into Asia, a top company executive said in an interview.

The push into India comes at a time when the country has become a battleground for internet supremacy, with the likes of Soft-Bank, Alibaba and Amazon pumping in billions of dollars of investments .

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“We’re investing to innovate in India, to innovate in Asia, to create an outreaching ecosystem in Asia which is different. We announced Dell Ventures in China, we announced a $125-million investment in China and we’ve also announced a continued expansion in India, from a 27, 000-people perspective, ” said Amit Midha, president of Asia-Pacific and Japan at Dell. Midha will also oversee Dell Ventures’ foray into Asia.

Read the full story at Economic Times, by Anirban Sen

(Disclaimer: the author was in Austin, Texas at the invitation of Dell)



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