Infosys co-founders launch incubator Axilor Ventures

Infosys' co-founders, S D Shibulal and S Gopalkrishnan on Tuesday formally launched their business incubator, Axilor Ventures. Apart from them, the founding team of the incubator platform includes their former colleagues Srinath Batni and Ganapathy Venugopal.

Besides, Prof. Tarun Khanna, who is the Jorge Paulo Lemann Professor at the Harvard Business School and Director of the South Asia Institute at Harvard University, has also joined the founding team of the venture.

Venugopal who was formerly heading Strategy & Planning at Infosys will be the chief executive officer at Axilor and will spearhead the venture.

"Axilor aims at energizing the start-up ecosystem in the country by incubating ventures operating in the e-commerce, healthcare, life sciences, sustainability and clean technology space," the company said in a statement. "It will focus on scalable, disruptive and technology-led business ideas from budding entrepreneurs and experienced professionals with entrepreneurial aspirations,"

For the selected start-ups, the founders will co-invest through their individual funds. The quantum of investment will range from Rs 30 lakh ($50,000) in the accelerator programme to Rs 6 crore ($1 million) for early stage companies, it added.