The global tech giant, Microsoft, is all set to make available new entrepreneurs in Indian smart-city space as the country's start-up culture, especially in e-commerce arena, has caught the fancy of the player, Microsoft chief Satya Nadella, said in a recent statement, adding that the pace of growth of e-commerce and start-up ecosystem as 'pretty mind boggling, and he is not worried about the valuation part of this segment as Microsoft is not looking at acquisitions rather at the quality of ideas these entrepreneurs have basis firms largest ever customer conference. The Hyderabad-born Nadella also announced new partnerships with e-commerce players Justdial, Paytm, and Snapdeal. Unveiling the company's new cloud start-up initiative, Nadella said Microsoft will work closely with the three firms to develop solutions suitable for smart cities, apart from areas such as farming, healthcare and education. On the funding for local start-ups in the tech space to fasten the development of smart cities, Microsoft will provide individual funds worth US $1,20,000 or Rs. 80 lakh worth of Azure computing so that these entrepreneurs can explore solutions and run smart city digital pilots. The initiative is anticipated to impact over 50 smart cities in the next year through a catalogue of over 50 start-ups and ISV solutions, he added.