The India-based IT services provider, which launched a $250m corporate venturing effort in January, may invest up to $120m in California, Israel and India.
India-based IT services provider Infosys plans to invest up to Rs 7.5bn ($120m) in startups based in Silicon Valley, Israel and India, the Economic Times reported yesterday.
Infosys launched a $250m corporate venturing unit called Innovate in India Fund in January this year as part of its Innovation Fund, which CEO Vishal Sikka expanded to $500m the same month. The Rs 7.5bn would come out of the Innovation Fund.
Although no formal arrangements have been signed, Infosys has been…
