For Investments in india Michael and Susan Dell foundation has allocated $50 million funds in the next 3 years. Ganesh Natarajan former Vice-Chairman of Zensar Technologies have started their own investment firm. MSDF began their operations in 1999 by Michael Dell with investments in South Africa, US and India. In November 2015 MSDF invested $1.5 million in iSTAR Skill Development Pvt Ltd a bangalore based vocational skills training provider. In 2015 another funding was raised in Villgro Innovations for over $3.2 million. Its latest investmenwas in Oliveboard Comptech Pvt Ltd an online test preparation platform Oliveboard.
Debasish Mitter, Country Director-India at MSDF said,
“A large part of the $50 Million will go towards funding startups. This is also because, while we are an extremely active impact investor, we are increasingly finding that the venture capital space is struggling to get money and ventures in areas of our interest are even more starved. We are looking to increase our offerings to ventures, which currently include grants, equity financing, debt and non-convertible debt offerings.”
The amount will be used for making direct investments in the early stage ventures along with existing seed stage fund, IEIF- India Educational Investment Fund. Michael and Susan Dell foundation in India has backed 2 early stage funds Menterra Venture Advisors set up by Villgro a social business incubator as a limited partner and Unitus Seed Fund.
According to the Venture Intelligence data. 2014 and 2015 observed transactions worth $106 million spread over 49 deals and $104 million spread over 57 deals respectively. In 2016 there has been 14 transactions so far worth $42 million.