M12, the venture capital fund of Microsoft, recently announced the opening of its office in Bengaluru to join the list of its other locations – San Francisco, Seattle, London, and Tel Aviv. This decision marks an important step for the Indian startup ecosystem, especially for the B2B startups, as M12 brings long-term commitment and deep expertise. Abhi Kumar, India Lead for M12, in an e-mail interview with YourStory says their biggest strength will be the expertise to help B2B startups navigate through key inflection points like when they get into global markets and aim to become category leaders.
Edited excerpts from the interview:
YourStory (YS): M12 has been an active participant in India’s startup ecosystem. What was the reason to set up a physical presence in India?
Abhi Kumar (AK): While M12 has been remotely investing in India for the past one year, setting up an office is a logical step forward in our journey and commitment to the Indian ecosystem. Having a team on the ground in India makes the value we add more accessible and tangible. These are exciting times in India with fantastic entrepreneurs pursuing global opportunities, and we are here to partner.