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Infosys, which has been investing in start-ups, has invested ₹31.6 crore in India-based early-stage venture capital firm Stellaris Venture Partners. This investment is towards the first close of Stellaris Venture Partners’s fund. Infosys has made this investment from its Innovation Fund.
Infosys says India’s start-up ecosystem is witnessing rapid growth with sectors such as cloud computing, Internet of Things, artificial intelligence and big data leading the way. The proliferation of smart phones too is aiding the ecosystem. Stellaris aims to back entrepreneurs building applications for global businesses, Indian SMBs and consumers in verticals such as financial services, retail, healthcare and education. With this investment, Infosys looks to gain early access to innovative new companies that are inventing the future of enterprises globally.
Stellaris is an early-stage, technology focussed venture capital firm with offices in Bengaluru and Delhi NCR. The founding partners – Alok Goyal, Rahul Chowdhri and Ritesh Banglani – are experienced venture professionals who have led global technology businesses. The partners have invested in firms such as Taxiforsure (since acquired by Ola), Bigbasket, Shopclues, Axtria, Lifecell and Simplilearn.
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