Close
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
Read Down
Sign in
Close
Welcome!Log into your account
Forgot your password?
Read Down
Password recovery
Recover your password
Close
Search
Logo
Logo
  • Latest News
  • Big Data and Analytics
  • Cloud
  • Networking
  • Cybersecurity
  • Applications
  • IT Management
  • Storage
  • Sponsored
  • Mobile
  • Small Business
  • Development
  • Database
  • Servers
  • Android
  • Apple
  • Innovation
  • Blogs
  • PC Hardware
  • Reviews
  • Search Engines
  • Virtualization
More
    Home Blogs First Read
    • Blogs
    • First Read

    Qualcomm to Invest $150 Million in India Startups

    By
    Jeff Burt
    -
    September 28, 2015
    Share
    Facebook
    Twitter
    Linkedin
      Qualcomm investments

      Mobile chip maker Qualcomm will invest $150 million in startups in India as it looks to expand its presence in the highly important emerging market.

      Company officials announced the move Sept. 27, after they met with Indian Prime Minister Narendra Modi at the Digital Economy event in San Jose, Calif. They said it is a continuation of Qualcomm’s efforts to help smaller tech companies in the country, noting that the vendor first invested in Indian startups in 2007.

      It’s also part of a larger effort by the world’s largest mobile chip vendor to target growing economies. Qualcomm has made several moves in the potentially lucrative Chinese market, including announcing in December 2014 that it will invest as much as $40 million in Chinese tech vendors that are developing products in such areas as mobile, wireless and the Internet of things (IoT).

      “Since Qualcomm’s first India investment in 2007 and with full-fledged presence starting in early 2008, we continue to invest broadly to strengthen India’s overall economy,” Nagraj Kashyap, senior vice president of Qualcomm, said in a statement. “We are committed to providing these companies with the support needed to help propel them forward in the competitive Indian region.”

      Qualcomm has invested in more than 20 companies in India since 2007, with the startups working in such technology areas as mobile hardware, software platforms, e-commerce, health care, location-based services and retail, according to officials.

      Qualcomm also has looked for other ways to invest in early-stage companies, including the creation of the QPrize competition, a global seed investment effort aimed at entrepreneurs looking for initial investment, and of an early-stage fund.

      In India, part of Qualcomm’s investment portfolio includes Yourstory, a media technology platform for entrepreneurs, in-home health-care provider Portea, and MapMyIndia, which offers products and services for digital mapping, navigation and tracking.

      Along with investing in Indian startups, Qualcomm over the past two decade also has been working with mobile operators, OEMs, original design manufacturers (ODMs), software developers, government and academic institutions, and others to build out the country’s mobile communications capabilities, according to company officials.

      Qualcomm Executive Chairman Paul Jacobs said his company’s efforts in India dovetail with Modi’s “vision to transform India into a digitally empowered society and knowledge economy. India is at the cusp of a technology revolution and mobile technologies will lay the foundation for Digital India.”

      Jeff Burt
      Jeffrey Burt has been with eWEEK since 2000, covering an array of areas that includes servers, networking, PCs, processors, converged infrastructure, unified communications and the Internet of things.

      MOST POPULAR ARTICLES

      Android

      Samsung Galaxy XCover Pro: Durability for Tough...

      Chris Preimesberger - December 5, 2020 0
      Have you ever dropped your phone, winced and felt the pain as it hit the sidewalk? Either the screen splintered like a windshield being...
      Read more
      Cybersecurity

      Visa’s Michael Jabbara on Cybersecurity and Digital...

      James Maguire - May 17, 2022 0
      I spoke with Michael Jabbara, VP and Global Head of Fraud Services at Visa, about the cybersecurity technology used to ensure the safe transfer...
      Read more
      Cloud

      Why Data Security Will Face Even Harsher...

      Chris Preimesberger - December 1, 2020 0
      Who would know more about details of the hacking process than an actual former career hacker? And who wants to understand all they can...
      Read more
      Cloud

      Yotascale CEO Asim Razzaq on Controlling Multicloud...

      James Maguire - May 5, 2022 0
      Asim Razzaq, CEO of Yotascale, provides guidance on understanding—and containing—the complex cost structure of multicloud computing. Among the topics we covered:  As you survey the...
      Read more
      Big Data and Analytics

      GoodData CEO Roman Stanek on Business Intelligence...

      James Maguire - May 4, 2022 0
      I spoke with Roman Stanek, CEO of GoodData, about business intelligence, data as a service, and the frustration that many executives have with data...
      Read more
      Logo

      eWeek has the latest technology news and analysis, buying guides, and product reviews for IT professionals and technology buyers. The site’s focus is on innovative solutions and covering in-depth technical content. eWeek stays on the cutting edge of technology news and IT trends through interviews and expert analysis. Gain insight from top innovators and thought leaders in the fields of IT, business, enterprise software, startups, and more.

      Facebook
      Linkedin
      RSS
      Twitter
      Youtube

      Advertisers

      Advertise with TechnologyAdvice on eWeek and our other IT-focused platforms.

      Advertise with Us

      Menu

      • About eWeek
      • Subscribe to our Newsletter
      • Latest News

      Our Brands

      • Privacy Policy
      • Terms
      • About
      • Contact
      • Advertise
      • Sitemap
      • California – Do Not Sell My Information

      Property of TechnologyAdvice.
      © 2021 TechnologyAdvice. All Rights Reserved

      Advertiser Disclosure: Some of the products that appear on this site are from companies from which TechnologyAdvice receives compensation. This compensation may impact how and where products appear on this site including, for example, the order in which they appear. TechnologyAdvice does not include all companies or all types of products available in the marketplace.

      ×