Moreover, the older funds are quite far from such an involvement by non-tech CXOs that exfinity has witnessed. The trend is new and it has been seen that many IT startups have gained name and fame, not only in India but in overseas countries too.

For instance, Iken Solution is a software product company that develops artificial intelligence backed softwares; the company provides end user experience for online and mobile users all over the world have wide recognition. Capilaary Technology is also one such name which is booming in U.K., Dubai, Australia, U.S., and New Zealand.

Indian IT startups are growing up with fast pace and with this momentum, they can surpass the heights of present development statistics that is why CXOs from outside the tech industry are paying a heed towards them.

"The Indian product ecosystem needs many more angel investors. So this (CXOs in non-tech businesses investing in tech) is a big plus," said Sharad Sharma, co-founder and governing council member of software product association iSpirt.

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