<p>Handset-maker Micromax is setting up a $75-million independent fund that will focus on investing in domestic and international consumer internet companies.<br /><br /></p>.<p>In the last two years, Micromax has already invested in about 10 startups, including ixigo, Gaana, HealthifyMe and Scandid.<br /><br />The fund — Orbis Capital — aims to raise $75 million in the next 12-18 months. Backed by Micromax as an investor and strategic partner, the fund will focus on investing in consumer internet companies both locally and internationally.<br /><br />Orbis Capital is in the process of building an advisory board, alongside the investment team, and has already brought on board leading entrepreneurs, including Nami Zarringhalam (Truecaller co-founder) and Parry Blacher (former co-founder of Covestor).</p>
<p>Handset-maker Micromax is setting up a $75-million independent fund that will focus on investing in domestic and international consumer internet companies.<br /><br /></p>.<p>In the last two years, Micromax has already invested in about 10 startups, including ixigo, Gaana, HealthifyMe and Scandid.<br /><br />The fund — Orbis Capital — aims to raise $75 million in the next 12-18 months. Backed by Micromax as an investor and strategic partner, the fund will focus on investing in consumer internet companies both locally and internationally.<br /><br />Orbis Capital is in the process of building an advisory board, alongside the investment team, and has already brought on board leading entrepreneurs, including Nami Zarringhalam (Truecaller co-founder) and Parry Blacher (former co-founder of Covestor).</p>