Sify Technologies Set To Invest In Indian Tech Startups
by Charmi Gutka
Sify Technologies is planning to invest in or partner with technology startups focusing on cloud, security and managed services, Livemint states.
The Chennai based company has gathered R30 r of capital from its promoters, last month, for this and plans to pull in an additional R120 Cr based on the decisions made by its director board.
These investments or partnerships will be particularly directed at those companies with synergies to Sify's current business lines. It aims to strengthen and differentiate Sify's current service and product offerings both for domestic and international markets, and through strategic relationships with target companies outside of India, expand its presence in key markets outside India.
Sify Technologies is an integrated ICT Solutions and Services companies in India, offering end-to-end solutions with a comprehensive range of products delivered over a common telecom data network infrastructure reaching more than 1100 cities and towns in India.
In another news, Amit and Arihant Patni, the eldest of the Patni brothers are set to launch Hive Technologies, a venture replicating the model of US based The Hive, to incubate and invest in data analytics startup in India.
Dentsu Aegis Network, a unit of Japanese advertising major Dentsu Inc, has acquired over 75% stake in Kolkata based digital media agency WATConsult. The deal values the eight year old venture at around R180-200 Cr.