Qualcomm Ventures eyes Indian mobile tech, healthcare startups
28-Dec-17, Deal Street Asia
Qualcomm Ventures, the venture capital arm of the USD100 bn Qualcomm Inc, is looking to back Indian companies in mobile technologies and healthcare, said Varsha Tagare, its managing director for India.
%20Qualcomm%20Facebook.jpg "Qualcomm Ventures eyes Indian mobile tech healthcare startups (c) Qualcomm Facebook")
Image: Deal Street Asia
Qualcomm Ventures India may invest in six start-ups every year, Tagare said. Since 2007, when Qualcomm first made an investment in an India company, the investor has grown its portfolio to over 20.
Qualcomm Ventures India invests from a dedicated USD150 mn India-focused fund. A third of that money has been spent to date, said Tagare, adding that the firm will maintain its investment pace over the coming years.