Bengaluru: Billionaire’s wealth manager Infosys Ltd. Founder Narayana Murthy Will hire professionals and double its $1 billion investment over the next five years, the condition being that India will emerge as a high-quality manufacturing hub.
Catamaran Ventures The LLP, which began operations in 2009, will grow its assets under management to $2 billion and is exploring strategic partnerships in three new areas: deep tech, precision engineering and manufacturing, and renewables, said Chairman M.D. According to Ranganath. He said in a recent interview that it marks a shift from the firm’s prior focus on services.
Murthy helped Infosys become one of India’s national champions by spearheading a new strategy of outsourcing technology services. her daughter, Akshata MurthyThe wife of UK Prime Minister Rishi Sunak is a separate entity director in the British arm of the clan’s investment firm.
Bangalore-based Catamaran Ventures employs about 15 employees overseeing e-sports, insurance and the holdings of Elon Musk’s Space Exploration Technologies Corp. in India.
“For India’s next phase of growth, manufacturing is clearly one path,” Ranganath said. “The advantage for India is that all these innovations can be tested extensively in India, and then taken to global markets.”
Ranganath said that to support this growth, Catamaran Ventures will actively seek partners to build businesses in the sub-sectors it has chosen and will add four experts to its team of investment professionals. He said he is looking to close at least one such partnership in the next few months.
Murthy’s venture firm had earlier partnered with Amazon.com Inc to form Prion Business Services, which began by helping merchants sell their goods online before becoming a major seller itself. Catamaran Ventures’ stake was eventually bought by Amazon.
According to Ranganath the firm will continue to support early and late stage companies. Catamaran Ventures has also invested in social network Reddit and India’s largest exchange National Stock Exchange, according to its website.
According to chairman Deepak Padaki, about a third of the firm’s investments are in early-stage companies and the rest is evenly split between later-stage and growth ventures. The firm has also partnered with early-stage funds, he said.
Catamaran Ventures The LLP, which began operations in 2009, will grow its assets under management to $2 billion and is exploring strategic partnerships in three new areas: deep tech, precision engineering and manufacturing, and renewables, said Chairman M.D. According to Ranganath. He said in a recent interview that it marks a shift from the firm’s prior focus on services.
Murthy helped Infosys become one of India’s national champions by spearheading a new strategy of outsourcing technology services. her daughter, Akshata MurthyThe wife of UK Prime Minister Rishi Sunak is a separate entity director in the British arm of the clan’s investment firm.
Bangalore-based Catamaran Ventures employs about 15 employees overseeing e-sports, insurance and the holdings of Elon Musk’s Space Exploration Technologies Corp. in India.
“For India’s next phase of growth, manufacturing is clearly one path,” Ranganath said. “The advantage for India is that all these innovations can be tested extensively in India, and then taken to global markets.”
Ranganath said that to support this growth, Catamaran Ventures will actively seek partners to build businesses in the sub-sectors it has chosen and will add four experts to its team of investment professionals. He said he is looking to close at least one such partnership in the next few months.
Murthy’s venture firm had earlier partnered with Amazon.com Inc to form Prion Business Services, which began by helping merchants sell their goods online before becoming a major seller itself. Catamaran Ventures’ stake was eventually bought by Amazon.
According to Ranganath the firm will continue to support early and late stage companies. Catamaran Ventures has also invested in social network Reddit and India’s largest exchange National Stock Exchange, according to its website.
According to chairman Deepak Padaki, about a third of the firm’s investments are in early-stage companies and the rest is evenly split between later-stage and growth ventures. The firm has also partnered with early-stage funds, he said.