Infosys invests over $62 m in startups

Infosys has invested a little over $62 million, from its $500-million innovation fund, in startups covering areas like IoT, automation and drones.

The fund was set up in 2013 with a corpus of $100 million for startups and other innovative businesses outside the company. The size of the fund was expanded to $500 million in January, 2015.

“The startup world is incredibly exciting. We have been investing in companies there. We have been bringing these companies to our clients, and that rate at which we bring these companies to clients is just exploding,” Infosys CEO Vishal Sikka said.

Infosys has invested in a dozen startups including Stellaris Venture Partners, Unsilo, Trifacta, Cloudyn, and TidalScale using the fund.