Yusuf Bashir has resigned as managing director of Infosys Innovation Fund, the $500m corporate venturing fund formed by Infosys, after two years at the helm.

Yusuf Bashir, managing director of corporate venturing unit Infosys Innovation Fund, has left the fund and its parent company, India-based IT services firm Infosys, LiveMint reported yesterday.

Infosys hired Bashir in March 2015 to run the $500m fund, which invests in software developers based in India, the US, Europe and Israel.

Bashir gave in his notice earlier this month, three executives directly aware of the development told LiveMint, and in the last 24 hours he has confirmed the reports of…