Micromax, the handset maker has been setting up a USD 75 million independent fund that will be focusing on investing in domestic and international consumer internet companies.

The handset maker has in last two years, already invested in about 10 startups that includes ixigo, Gaana, HealthifyMe and Scandid.

Rahul Sharma, Micromax co-founder has said that “We have tasted a great amount of success with all our investments that we strategically did over the last two years and this progression to announce an independent fund was due to the large opportunities that the market presents. This fund will look at investing in consumer internet companies across the world that have local relevance.”

He added that this will also allow Micromax to further leverage its platform for larger opportunities.

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