Mukund Mohan, who was the director of Microsoft Ventures in India, will now head the venture arm’s work in US and China, apart from India, reports Business Standard. Mohan will now be based out of Redmond and his role in India will be split between Ravi Narayan and Rajnish Menon, who are both directors at Microsoft Ventures currently.
Prior to joining Microsoft in 2011 as CEO in Residence of Microsoft Accelerator, he founded two startups: Jivity, which focussed on gifting solutions to corporates and BuzzGain, a social media monitoring service that was acquired by Meltwater.
Microsoft Ventures has presence across nine countries, including US, UK, Brazil, France, Germany, Israel, China and India. The accelerator has incubated around 60 companies so far in India. The group recently selected sixteen startups for the fourth batch of its accelerator program, termed as the 2014 summer batch, with most of them having a significant consumer traction. It also announced a new Accelerator Plus program, aimed at more mature companies which have already made significant progress and are close to venture funding. The accelerator says it will offer resources to help these companies roll out products and raise capital to fund their growth.
Do note that Microsoft Accelerator doesn’t provide any investment to the participants itself, since it doesn’t take any debt or equity from the participating startups.