New Delhi: Infinity Technology Investments Limited (Infinity) is broadening the focus of its investments from portal-centric ventures to include a wide spectrum of technology and software services.Speaking to eFE, Infinity chairman Saurabh Srivastava said: ``We are getting more focussed towards technology. In the next couple of months we will fund a venture that will take Internet to the masses.'' Infinity has so far invested around Rs 50 crore in 12 ventures, a bulk of which has been devoted to the funding of Internet-specific companies. Around 20 per cent of its funding has been in B2C ventures, 30 per cent in B2B and 20 per cent in Internet ventures and the remaining in IT-enabled and software services.Srivastava said that the re-thinking on the B2C model has been greatly prompted by recent happenings in the US. ``Our exposure to Internet ventures will come down to around 50 per cent in the next couple of years from around 70 per cent now,'' he added.
Infinity has earmarked around Rs 150 crore for the funding of domestic start-ups over a period of five to seven years. The company has been tying up funds with the start-ups for their first phase of funding, picking up a stake of between 15 and 40 per cent.
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