NRN to Launch VC Fund, Sells Infy Stocks Worth $37mn
Around April of 2009, NRN announced his plans to launch a VC fund and the plans have fructified now that NRN (Narayana Murthy) has sold Infosys stocks worth $37mn/Rs. 174.3 crore to set up a VC fund.
The fund, as NRN mentioned earlier will provide seed capital to early stage startups (mostly Indian).
“I find youngsters want to do all kinds of things. There are people who want to create wealth by booking tickets. There are people who are creating wealth by enhancing the efficiency of production lines. There are people who are creating wealth by providing efficient, decent and cost-effective means for the corporate world. They all have great ideas.”
Wipro’s Azim Premji too started his own $1bn fund (mostly retail focused), and Infosys’s co-founder, NS Raghavan too has launched his own fund, Nadathur Investment and Ojas Ventures.
These are Winds of Change! We need entrepreneurs like NRN to drive the wave of entrepreneurship in India.
Welcome NRN. We hope to meetup with you pretty soon (with a list of interesting startups!) 
Read: And now, NRN is your Superman (Amar Chitra Katha’s comic book hero)
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About the author - Ashish Sinha is a Startup Mentor/Product Strategy Coach, and the founder/chief editor of pluGGd.in.
He has launched/managed couple of products (consumer as well as enterprise) in US and India, and now consults with startups/small businesses on their product/media strategy. He can be reached at: ashish (at) pluGGd.in [+91 98452 06443]
Wow … now that’s a welcome development…:)
you are not planning to tell who this NRN is. Are ya?I like guessing games.
Ah! NRN = Narayan Murthy (Infosys).
Great news.
He has inspired the nation…it will be great to have him guiding and truly supporting Indian entrepreneurship.
Next TiE Summit will be exciting
Really a great news, very inspiring. He has been there and done it. Long live NRN & Indian enterpreneurship.
Sell your Infosys stocks everyone!
What better proof than this to know that more money is to be made with backing youngsters than doing IT?
Would like to meet Mr. Narayan Murthy, my inspiration comes from him.
If given a chance, i would like to present my venture business plan before him.
Rakesh/MeriCAR.com
do anybody have contact info of VC Funding company?