Indian Startups a Major Funding Target for Qualcomm

Indian Startups a Major Funding Target for QualcommPublished reports this week indicate that Qualcomm plans to invest some $150 million in Indian startups.

The news follows recent meetings between Indian heads of state and company executives.

According to Medianama, Qualcomm will invest in IOT startups, but few other details are known, particularly with regard to which startups.

Qualcomm ventures has been investing in startups in India since 2007 and some of its portfolio companies include online real estate portal Housing, Reverie Language Technologies(which operates the multilingual Android keyboard Swalekh), traffic information provider Traffline, mobile application development and distribution company AppsDaily, medical services company Portea Medical and mapping services company MapMyIndia.

Qualcomm ventures has already invested in 12 companies in India.