Infosys Adds Stellaris To String Of Start-Up Investments
Zacks Investment Research | Nov 24, 2016 07:14AM ET
Leading technology services and consulting firm, Infosys Limited (NYSE:INFY) , followed its recent investments in TidalScale and UNSILO with another one, as it inked a definitive agreement for an investment of INR 31.6 crores (approximately $4.6 million) in an India-based early stage venture fund called Stellaris Venture Partners.
This investment is toward the first close of Stellaris’ fund and is scheduled to be completed on or before Dec 15 this year.
India’s technology startup ecosystem is in a dynamic stage today and has the potential to build breakthrough companies on a global scale. The ecosystem is witnessing swift growth in areas such as Internet of Things (IoT), cloud computing, artificial intelligence and big data.
Stellaris is intent on capitalizing on this vibrant environment, and backing entrepreneurs who are building applications for Indian SMBs, global businesses and consumers in verticals such as healthcare, financial services, retail and education.
Its investment team holds extensive experience working in global technology companies. Further, Stellaris boasts a robust network of successful entrepreneurs and advisors, in addition to a strong track record in venture capital, having invested in companies like Taxisforsure and Bigbasket.
Stellaris’ comprehensive operational and domain expertise in enterprise software and services in both India and the U.S. makes it uniquely positioned to leverage on India’s capital efficient talent pool. With this investment, Infosys hopes to gain early access to innovative Indian firms that are redefining the future of companies across the world.
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