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Infosys hunts for startups to partner

Infosys has begun to engage with venture capitalists to identify startups to work with or to acquire. "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 on Tuesday.
IT services companies have started engaging with startups in an effort to access innovative solutions or fill gaps in their technology portfolio. Newer technologies like cloud, mobility and analytics have led to a blooming of startups with creative ideas. Wipro has been active in the space. It already has strategic investments in two — Axeda Corp and Opera Solutions — and has been scouting for more partnerships. TOI reported this month that Wipro is in talks with startups Flytxt, 99tests and Avekshaa Technologies for strategic tie-ups
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