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Micromax sets up $75 million fund to invest in consumer Internet firms

Micromax sets up $75 million fund to invest in consumer Internet firms

Monday, February 6, 2017, 11:15 AM

Micromax is setting up a $75-million independent fund that will focus on investing in domestic and international consumer Internet companies. Orbis Capital fund aims to raise $75 million in the next 12-18 months. In the last two years, Micromax has already invested in about 10 start-ups, including ixigo, Gaana, HealthifyMe and Scandid.
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