Here’s what happens when Infosys loosens its purse strings!
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
"The discussions are still at a very early stage," the sources informed the financial daily. "Most of the startups that companies like Infosys are looking to tap are incorporated in India, with their founders based out of the Silicon Valley."
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.
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