Narayan Murthy Turns VC – Sells Infy Stock To Launch VC Fund

by | posted: October 23, 2009 7 comments


We reported how the VC investments in India had nose dived in the last quarter and though it was slightly better on quarter on quarter growth no of VC invetsments were dismal. If one went deeper they were very dismal in seed and early stage investments.

CC-Narayana-Murthy

Well now all that might improve for sure as one of India’s leading icons of IT Services industry Mr.Narayan Murthy has just sold stocks he held in Infosys to launch a VC fund.

Murthy has offloaded 800,000 shares from his personal holding, to raise about Rs 177 crore.

This offloading led to a decrease in Murthy’s holding in Infosys from 0.41 per cent from 0.55 per cent. Though overall Murthy and his family still own about 4.83 per cent valued close to Rs 6,200 crore.

What kind of companies will this fund invest in?

The Fund will invest in young entrepreneurs and would be focused on India. No specific vertical has been specified yet.

Great news for Tech entrepreneurs?

Given Mr.Murthy’s tech background and also his organic growth from scratch it can be said that one could expect his fund to look at early stage tech focussed companies.


Tags: , , , , ,

Rajiv Dingra

Rajiv is a prolific blogger who has over 1000 blog posts to his credit at WATBlog. The Founder & CEO of WATMedia our parent company and the Chief Blogger at WATBlog, he has been the driving force of the WAT Evolution. Rajiv does some excellent analysis of the digital media industry in India and often brings out deep insights with his inimitable style of interviewing. Just mail rajiv|at|watblog|dot|com and it will reach him..

Recent Posts

7 Responses to “Narayan Murthy Turns VC – Sells Infy Stock To Launch VC Fund”

  1. Reply
    Kash
    October 23, 2009 at 12:16 pm #

    His name is Mr. Narayana Murthy. Pls atleast spell the names of our industry leaders correctly.

    • Reply
      Rajiv Dingra
      October 23, 2009 at 12:36 pm #

      It can be used interchangeably – Pls google and you will know.

  2. Reply
    tapesh
    October 23, 2009 at 1:49 pm #

    He has entered very late in this model, other IT Entrepreneurs are doing it from so many times, Mr. Vinod Khosla ( founder Member of Sun Micro System) , Mr. Sabir Bhatia and many more examples who are doing it from so many years. Nothings new for Industry apart that this step is taken by Mr. Naryana Murthy. But We hope by the gaudiness of him we will get some more Infy kind of companies in coming years.

  3. Reply
    Gurmeet Chadha
    October 23, 2009 at 7:35 pm #

    Hi,

    He is a tranformational leader.I have a business model focussing on “The Common Man-no one stays hungry-eleminate beggary”.wanted to share the idea with mr murthy..pls advise on how to go about it..

    regards

  4. Reply
    DK Ghosh
    October 24, 2009 at 11:05 am #

    Please can someone tell me the name of the VC Fund Corporation of Mr. naayan Murthy??

  5. Reply
    Kash
    October 25, 2009 at 10:49 am #

    I’m sorry to inform you that his name is Narayana Murthy and only those who cant spell his name correctly, use the one used in your article. If enough people make a mistake, it does not make it correct.

    Also, pls dont tell me you believe everything you Google.

  6. Reply
    family stocks
    November 12, 2009 at 12:58 am #

    wanted to share the idea with mr murthy..pls advise on how to go about it..

Leave a Comment