Another setback for Infosys; head of Innovation Fund quits

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Infosys saw another high profile exit as the MD of the $500 million Infosys Innovation Fund stepped down. This comes as a setback for Vishal Sikka who seeks to strengthen new digital and innovation capabilities.

Yusuf Bashir, MD of Infosys Innovation Fund, had worked closely with Sikka at SAP and had joined Infosys in March 2015.

Bashir's exit comes after Ritika Suri also resigned recently. Bashir's role was to identify and invest in early-stage companies doing cutting-edge work in areas including AI, machine learning, big data, cloud and analytics.

Sikka's vision is to build tech innovation and get more clients under its fold.

Bashir made 12 startup investments and the last investment that Bashir made from the Innovation Fund was in December 2016.

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