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2014-09-08

Accel Partners showcases 6 start-ups to Infosys

Venture capitalist Accel Partners has showcased six startups, including CrowdAnalytix and Paxata, before the senior management of Infosys.

Our Bureau
 
 
Venture capitalist Accel Partners has showcased six startups, including CrowdAnalytix and Paxata, before the senior management of Infosys, which is closing in to make its first investment from the $100-million (Rs 602 crore) fund dedicated to invest in disruptive start-ups, as reported by Economic Times.
 
 
"It's too early to say how much stake the company (Infosys) will pick in the start-ups. Infosys could make an investment in only one startup for now. It is not clear yet if Infosys' management has come to a decision but the executives said that since Accel is an investor in both the data-focused startups, the company may wait until the last round of discussions before it begins talks with the startups.” Accel Partners' Dinesh Katiyar told ET.
 
 
 
"Vishal (Sikka) and other senior executives have met with venture capital firms to explore potential partnerships with companies in their portfolio. We are encouraged with the interest that the innovation ecosystem has shown. We cannot comment on specific companies at this time,” revealed Infosys’ spokesperson in an interaction with ET.
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