Google is finally looking to acquire startups in India. The search giant is looking to invest in Indian startups and is reportedly in talks with various entities, including various venture capital (VC) firms.
In its report, GadgetsNow states that Google “is seeking to directly invest in or acquire companies in India that cater to whom it refers to as the next billion internet users.”
The Economic Times’ sources tell them that Google is not interested in eCommerce and will, in fact, be looking at companies involved in cloud computing and cybersecurity. Google wants to get the “next billion” online and that would require investment in network infrastructure, financial service, healthcare, education and more.
As it stands, India has a population of 1.3 billion, but it doesn’t have a billion internet users.
The report points out that Google has acquired more than 70 companies globally since 2014, but is yet to acquire a company in India. Its domestic VC arm has invested around $15 million in companies in India.
Google is very keen on tapping into India’s potential internet population, as is seen in its investments in RailWire, the Smart Cities programme and more. A number of education ventures are also in the works.
Published Date: Feb 16, 2017 10:05 am | Updated Date: Feb 16, 2017 10:05 am