Phillips may invest in Indian healthcare technology startups; looks to join other global Fortune 500 …

BENGALURU: Dutch consumer electronics and healthcare giant Philips is looking to join the ranks of other global Fortune 500 companies in leveraging India’s rapidly evolving startup ecosystem and is initiating moves to set up a venture fund that will look to invest in Indian healthcare technology startups, a top executive told ET.In an interview, Philips veteran Jeroen Tas, who currently heads the company’s connected care and health informatics business, said that the plans to set up an India-focused venture fund were still at an early stage and would also depend on the success of similar funds that Philips has set up in Israel and Netherlands.”We are also looking at setting up a venture fund — we already have venture funds in Israel, and we have already invested in a couple…


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