Infosys co-founder N R Narayana Murthy and his wife sold a part of their stake to set up a venture fund. With Rs 600 crore, Catamaran Ventures was established in 2009-10.
Murthy was following Azim Premji, founder of Wipro, who had set up a private equity arm, PremjiInvest, to manage his wealth. PremjiInvest, with Rs 10,000 crore, up from Rs 1,500 crore in 2007, making it the largest family office in Asia, made its first investment in 2007, buying a three per cent stake in National Stock Exchange (NSE) for $100 million.