Indian IT major Infosys to invest $10m in US-based VC fund
Summary
According to the filing, Infosys will pick up a minority stake in VC firm of under 20 per cent with the investment, which is expected to be completed by the first quarter of the financial year 2019-20. Infosys has been actively investing and acquiring companies globally to fuel its growth. Last year, the IT services firm acquired US-based digital creative and consumer insights agency WongDoody Holding Co for up to $75 million. Infosys, which also runs a $500-million corporate venture arm, has invested in only a handful of startups. It also put in an undisclosed amount of funding in ideaForge, an Indian startup focused on Unmanned Aerial Vehicle (UAV) solutions.
Funding
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Infosys Innovation Fund
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applications
Web and Content Management
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