Infosys, India’s second largest IT services company, had decided not to go ahead with a separate leader to manage its venture capital investments. Instead, the Bengaluru-based company has decided to manage the $500 million Innovation Fund with the help of Ritika Suri, who presently heads its Merger & Acquisitions (M&A) initiatives.
“She will be responsible for managing the Innovation Fund as well as our investments in the start-up space, apart from being responsible for M&As. May be at some point of time, we may look at having a person under her to manage the fund. But the person will only report to her,” said a senior official of the company.