Here’s what happens when Infosys loosens its purse strings!
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It’s not one or two, but half a dozen! That’s the number of startups, As per a news report by The Economic Times, India's second-largest software exporter is also finalising an agreement to sign up for software products think-tank iSpirt's mergers and acquisitions program to connect with early-stage product companies, sources informed the ET.
At a time when
The ET news report reads, Infosys is keen on investing on startups that have a profile similar to that of enterprise software maker
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iSpirt's M&A connect program has a curated list of nearly 100 early-stage software companies under a business exchange program that typically connects large enterprises such as
According to the ET, Infosys expanded the size and scope of its startup fund by five times to $500 million in January. Later, Sikka pledged to invest $250 million in Indian startups in the first such commitment by a cash-rich software services company.
(Image: Infosys)
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