After Vertex,IT major Infosys looks at investing in 500 Startups’ fourth global fund

Infosys logo from company's Twitter page

India’s second largest software services exporter Infosys Ltd is looking to partner with Silicon Valley-based venture capital firm 500 Startups by investing in one of its funds, as per a report in The Times of India.

500 Startups is already in the process of raising its fourth global fund and Infosys is in talks to invest in it with an aim to back technology startups, the report said.

If the talks go through, this will be Infosys’ second investment in a venture capital firm. The IT company recently invested in Palo Alto-based venture capital firm Vertex Ventures US Fund I Lp to boost its access to start-ups focused on disruptive technologies. The investment was routed through $500 million Infosys Innovation Fund, which is overseen by Yusuf Bashir, a former SAP colleague of Infosys CEO Vishal Sikka.

Besides Vertex, Infosys Innovation Fund has so far invested in Whoop, a Boston-based maker of an online health and fitness analytics tool for athletes, CloudEndure, a cloud-based disaster recovery service, ANSR Consulting, the Bengaluru-based firm that runs Kyron accelerator and Speck, a fine air particulate monitor.

With these investments, Infosys aims to harness the entrepreneurial spirit in India and support young companies that develop innovative technologies on automation, Internet of Things, and artificial intelligence space.

500 Startups, co-founded by Dave McClure, has till now invested in more than 1,200 companies globally including Credit Karma Inc, Intercom Inc, Twilio Inc, Talkdesk Inc, and Udemy.

The company has also backed more than 30 Indian startups from its global fund including TargetingMantra, a personalisation platform for online businesses, LafaLafa, a mobile-first coupons and cashback aggregator, on-demand delivery startup Quickli, and travel portal Tripoto.

Also Read: Infosys Innovation fund invests $4m for minority stake in Israel -based Cloud Endure

Infosys partners American VC Vertex Ventures to boost access to startups

India: Infosys’ strategy to picking startups for investment

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.