Dell Ventures to invest in Indian startups with its $300m fund

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Dell Ventures, the $300 million venture fund arm of technology giant Dell Inc, plans to invest in the new-age disruptive startups in India as it eyes a bigger push in the Asian markets, according to a report in The Economic Times.

The company is expected to make an official announcement on the same shortly, the report added.

The fund will primarily support startups which are building disruptive solutions with newer technologies such as cloud computing, security and analytics, and also startups that have moved beyond the early stage. The company is also open to forming strategic partnerships with such companies.

Dell’s proposed investment plan comes at a time when global companies like Chinese e-commerce giant Alibaba Holdings, Japan’s Softbank and e-tailer Amazon are already pumping in billions of dollars in the robust Indian startup ecosystem.

Recently, Alibaba invested an undisclosed amount in the Indian payments processor and marketplace Paytm. Softbank has invested in Indian companies including online marketplace Snapdeal and cab-hailing app Ola. Amazon plans to invest a whopping $5 billion dolllar in India’s surging internet market, while SoftBank plans to invest $10 billion in online ventures in India over the next few years.

Founded in 1999, Dell Ventures finances private later-stage technology companies in the sectors including servers, storage, and related I/O technologies, network infrastructure and management, enterprise software, and security and services.

Dell Ventures has made around 20 investments since its launch. The fund invested about $23 million in Exablox, $45 million in DocuSign and $42 million in Cylance this year.

Also Read:

Kalaari Capital raises $290m third India fund; ropes in ex-Microsoft India chairman Ravi Venkatesan & ex-Casitron CEO Ram Gupta as advisors

India: Tata Capital PE arm to hit the road to raise $350m fund in 2016

Sequoia Capital raising two new funds, to increase Asia exposure

Intel Capital commits to $22m across 10 startups, plans for $500m in Asian startups

India: Intel Capital’s Sudheer Kuppam & Hyderabad’s Parampara Capital launch VC funds to back startups

Thailand-focussed micro fund 500 TukTuks raises additional $2m to fund startups

 

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.