BANGALORE: The Infosys head Narayana Murthy, patroned Catamaran Ventures is to switch its focus from funding budding startup firms to late stage funding for more prominent ventures. The venture capital and private equity fund headed by the IT tycoon is trying to repeat the late stage funding method that was successfully executed with SKS Microfinance and Manipal Universal Learning, reported Financial Express.

The re-entry of Narayana Murthy as the leader of Infosys which lead to a time deficit schedule together with the ease that the late funding provides over startup funding are thought to be the major reason for this shift. However there other reports which furnish that Catamaran Ventures is dwindling in its presence in the vertical contrary to its stronger presence in the startup section in the past years.

The Murthy led fund has been assisting firms from diversified verticals including e-commerce, energy drink and health care. Catamaran Ventures describes itself as “A proprietary, sector-agnostic, family office that invests in inspirational early stage and growing companies in India and overseas,” The study conducted by Venture Intelligence, a financial research firm marked a dip of 18 percent in VC investment activities when compared to the previous year.

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