Hinduja BPO to set up VC arm to invest in Indian startup

The business process outsourcing arm of Hinduja group called the Hinduja Global Solutions is in the midst of setting up a corporate venture capital arm in order to tap into the pool of the most innovative and different  technologies being manufactured by startups all around the world.  Strictly following the route charted to them by the Indian Information Technology Industry, the BPO have their eyes set on startups to drive innovation.

In response to this move by Hinduja Global Solutions, rival FirstSource solutions has also started evaluating a few analytics startups in order to invest in them.

According to Partha DeSarkar's statement to Economic Times, "We understood that there are companies out there that have innovative technologies that need funding and access to markets and that we couldn't build all these solutions in house. So the corporate venture arm helps us achieve that". Partha DeSarkar is the Chief Executive at Hinduja Global.

The company has decided to keep aside some 20-30 million dollars and has also formed a team of some 10 people who will keep this process of investments going. The company is specifically looking for startups in healthcare, analytics and multi-channel customer care among various others. Location of the startup is not considered as a barrier for the company.

According to Partha, the company will look wherever they find innovation-whether it is India, Israel or Silicon Valley. She also added that they will only make second stage investment when the startup has proven its idea.

 

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