Infosys announces $250m corporate venturing fund

Jan 16, 2015 • Robert Lavine

The Innovate in India Fund will form part of the IT services company's larger Innovation Fund, which is being expanded to $500m.

India-based IT services provider Infosys plans to launch a $250m corporate venturing fund that will invest in local startups.

The Innovate in India Fund was announced by CEO Vishal Sikka on Wednesday following a meeting with Prime Minister Shri Narendra Modi. It will target technologies including artificial intelligence, automation, connected cloud and mobile technology, and collaboration and design products.

Infosys will source the cash from its Innovation Fund, which it has accordingly expanded to $500m.

The Innovation Fund was

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