Indian VCs and the elusive quest for domestic investors

Infosys, India’s most well-known software services company, has debuted in the country’s venture capital market as a limited partner. The Bengaluru-based company’s Innovation Fund has committed Rs31.6 crore (about $4.6 million) to venture capital firm Stellaris Venture Partners’ first fund. Stellaris was founded this year by Alok Goyal, Rahul Chowdhri and Ritesh Banglani, the team of fund managers that broke away from Helion Venture Partners late last year following an internal spat.