Infosys co-founders Kris Gopalakrishnan and S D Shibulal, along with the company’s former board member Srinath Batni have invested USD 1 million in Bengaluru-based e-commerce platform SellerworX Online Services and USD 2 million in Mysuru-based clean energy company Vigyanlabs.
As per a TOI report, these are the first couple of investments through their newly-launched business incubator Axilor Ventures, which intends to help early stage startups in areas like e-commerce, healthcare, life sciences, sustainability and clean technology.
SellerworX was co-founded by Venkat Potluri, Ganesamurthy G and Chandramouli, Its platform improves the retail supply chain in India.
Vigyanlabs aims to maximize power savings and reduce carbon emissions in PCs, laptops and servers, having ANZ and HP as its customers.
“Our flagship product reduces power consumption by 30%-40%.We have a patented algorithm that runs on the desktop or laptop in the background,” said Srinivas Varadarajan, CEO of the company. Previously, Zoho cofounder Sridhar Vembu invested USD 100,000 in the company and investor Shashidhar Pai is also said to be investing USD 1 million in Vigyanlabs.