Infosys has acquired a 20% minority stake in the healthcare deep-tech firm 4baseCare for Rs 8.3 crore (approximately US$ 1 million). This investment is part of the Infosys Innovation Fund, which aims to partner with AI and deep-tech startups to co-create next-generation solutions.
Founded in 2018, by Hitesh Goswami and Kshitij Rishi, 4basecare focusses on developing precision oncology solutions leveraging advanced genomics and digital health technologies. The deeptech startup offers solutions that finds applications in personalized cancer care, improving diagnosis, treatment, and drug discovery.
4baseCare has attracted investments from several prominent investors including Yali Capital, Mount Judi Ventures, GrowX Ventures, and also received grant funding from BIRAC in June, 2022. Startup Karnataka, an initiative by the Government of Karnataka to promote the state as the ultimate startup destination, has provided grant funding to 4basecare in 2018.
This strategic investment will help Infosys enhance its capabilities in healthcare and life sciences, benefiting its clients through innovative solutions.
The Infosys Innovation Fund has made several investments in innovative startups across various sectors. Some notable investments GalaxEye, ideaForge, AirViz, and WHOOP, among others.
Advertisements