Dell Inc, (Dell) is going to use part of a $300 million fund to invest in Indian startups. The company, which is a global brand recognized as a computer hardware manufacturer, will make the investment through its venture fund division, Dell Ventures.
The move is part of Dell’s policy to support innovation within Asia by targeting startups with “disruptive solutions”. The company is also viewing to form strategic partnerships with some of the startups it invests in.
Established in 1999, Dell Ventures focuses on investment in “later-stage” technology companies. The organization has invested in about 20 organizations since inception. This year alone Exablox, DocuSign and Cylance have benefitted from its investment, which totaled around $20 million. Dell’s investment in India will focus on companies that are involved in developing cloud, security and analytics solutions, as well as those involved in I/O technologies, network infrastructure, and software. To be eligible companies must have already begun operations.
Dell Ventures’ move comes at a time when organizations like Softbank in Japan and Alibaba in China are making major investments in Indian startups. Alibaba was recently linked to Paytm, a payments processor, while Softbank has invested in companies like New Delhi-based online marketplace Snapdeal.