India-based cloud software producer Zoho has invested a total of almost $10m in five startups, including machine-vision technology startup Zentron Labs and medical device developer VTitan, according to the Economic Times.
Sridhar Vembu, Zoho’s chief executive, told ET: “We are investing in companies that think like Zoho.
“We are not venture capitalists and exits are not what we are looking for through these investments.”