After Wipro, Infosys Hunts Startups For Partnerships

After Wipro, Infosys Hunts Startups For Partnerships

By SiliconIndia   |   Monday, 01 September 2014, 03:14 Hrs
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BANGALORE: Startups are expanding and are successfully attaining higher rates of success by building a larger consumer base not only in their own country, but around the globe as well. Startups are not only gaining the consumers trust but are making the mega corporations turn their heads towards it.

Recently, Infosys garnered interest in several of startups and is hunting a probable one to partner with for future successes. "There are a lot of innovative startups. We started talking to VCs a couple of weeks back and we had a large VC showcase 6-7 startups," said Infosys COO, UB Pravin Rao at the Motilal Oswal investor conference in Mumbai; reports The Times of India.

With the advent of technology like cloud, coupled with globalization and expansion of communications, mobility and analytics startups are in full bloom. They are now better equipped with creative ideas and innovative techniques suitable to current customers.

Pravin Rao showed concern over the fact that Infosys is still lagging behind in areas like healthcare and life sciences. He also focused upon making its presence felt in various markets like Latin America and Japan.

"We already have shareholder approval for deploying the $100 million fund. We will look to partner with some startups. We are looking at acquisition in the space as well because that is also going to be critical," said Rao. "Obviously we will take time to scale organically in these areas, so we will continuously look at acquisition in this space. It's not that there are too many candidates, but we are always looking to acquire, to build capability or expand presence in these markets," he added.

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