IT industry veteran Ganesh Natarajan has been bitten by the entrepreneurial bug. After running the show at the RP Goenka-owned Zensar Technologies for 16 years, he is now donning multiple hats.
Ganesh Natarjan, the former CEO of Zensar Technologies, wants to be both an entrepreneur and an investor and his latest venture 5F World allows him to do just that. This is a venture that invests in other start-ups, and builds its own products for technology-enabled skilling. Natarajan is starting this innings with a kitty of Rs 5 crore that will fund start-ups over the next 6 months.
5F World will buy up to a 20 percent stake in big data, artificial intelligence, analytics and virtual reality start-ups. Though this will tap into Ganesh's personal savings, it also plans to work with other start-up funds.
Natarajan has also earmarked Rs 3 crore to invest in building a platform for corporate retention and skilling.
The on-demand chauffeur provider Drive-U has acquired Gurgaon-based counterpart "callathome" for an undisclosed amount.
Online healthcare platform Practo is strengthening its top deck. It has appointed former Inmobi CFO Manish Dugar as its global CFO. Dugar will be responsible for Practo's financial, legal & regulatory operations, as it looks to expand to 100 cities by the end of the year, from the current 35.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
