The consumer electronics producer will be the anchor investor in Orbis Capital, and is recruiting limited partners including private equity firms and pension funds for the rest.
India-based mobile handset manufacturer Micromax plans to raise up to $100m for an independent venture capital fund to invest in consumer internet companies, the Economic Times has reported.
Founded in 2000, Micromax began life as a software developer before switching to mobile phone production in 2008. Its low-price mobile handsets have since been joined by laptops, tablets, LED televisions and other consumer electronics.
Micromax will be the anchor investor for the fund, named Orbis Capital, and will seek to raise…
