M12, Microsoft’s corporate venture fund, announced it would extend its investing coverage to India to help entrepreneurs innovate and grow with Microsoft’s reach, expertise, and technologies. Rashmi Gopinath, partner at M12, will be leading M12’s investments in India. Microsoft continues its portfolio of investment in the Indian startup ecosystem with M12 announcing its first India investment today, Innovaccer, a startup working to solve data interoperability challenges in healthcare and helping health systems enhance their clinical and financial outcomes with a data-first approach.
India offers unique competitive advantages by being home to top technical talent in the world including deep tech areas such as computer vision, robotics, blockchain and autonomous driving. These factors position India favourably to support highly innovative startups that can effectively compete on a global scale.
“We are thrilled to broaden M12’s reach to include India, India is a market rich with entrepreneurs creating world-class startups that are poised for success on a global scale. In working with these innovative startups, we believe together we will help disrupt enterprises and industries ripe for digital transformation” said Nagraj Kashyap, Global head of M12 and Corporate Vice President, Microsoft.
Innovaccer is a shining example of the startup opportunity in India. The healthcare SaaS startup has offices in both India and the United States, offering a comprehensive Healthcare Data Platform and intelligent care application modules for over 10,000 healthcare providers across 500 practice locations. Leveraging machine learning and healthcare-related contextual expertise, Innovaccer enables its users to consolidate financial, claims, patient, and operational data together to provide a comprehensive patient 360-view for better decision-making, care coordination, and reporting.
Abhinav Shashank, CEO Innovaccer, said, “Our unique value proposition is a holistic healthcare data platform that offers data aggregation and key analytics to help healthcare systems and insurance providers to align with value-based care models and realize significant cost savings and operational efficiency. We are excited to work with M12 and Microsoft in order to leverage their best-in-class technical, industry, and go-to-market expertise to help address needs for healthcare organizations across the world.”
