Latest News – Infosys has invested a little over $62 million from its $500 million innovation fund in start-ups covering areas like IoT, automation and drones.
The fund was set up in 2013 with a corpus of $100 million for start-ups and other innovative businesses outside the company. The size of the fund was expanded to $500 million in January 2015.
“The start-up 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. So that’s very exciting,” Infosys CEO Vishal Sikka said.
He added that $62.18 million has been spent from innovation fund so far.
Infosys has invested in a (Read More)