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Friday, April 26, 2013

Top Indian IT comapnies are Investing in startups

Indian firms are tying up with emerging ventures possessing niche skills or buying stakes in startups, thereby gaining access to what could even be blockbuster ideas.  Infosys said it has set up a $100 million (Rs 540 crore) fund to invest in startups, besides spotting and funding internal innovation. Similarly, Mahindra Satyamwhich has a stated goal of growing faster than the industry, has a $50-million fund exclusively for investments in global technology startups. Wipro too, is actively looking to partner innovative young companies or buy minority stakes in them.
Indian IT companies have become serious and methodical about identifying suitable startup ventures with the intent of investing and have tasked senior executives with such mandate.