Infosys' head of $500 million innovation fund Yusuf Bashir resigns - ETtech

In another huge setback to Infosys CEO Vishal Sikka's strategy to strengthen the company's new digital and innovation capabilities, Yusuf Bashir, MD of the $500-million Infosys Innovation Fund, has resigned. The MIT-alumnus had worked closely with Sikka at SAP as VP of new products before joining Infosys in March 2015. Together with another former SAP executive, Ritika Suri, Bashir was to help Infosys take a leap into the new digital world that has become important to global clients. Bashir, based in Palo Alto, had the mandate to identify and invest in early-stage companies doing cutting-edge work in areas including AI, machine learning, big data, cloud and analytics. Acquisitions has been a key strategy used by Accenture, for instance, to build the new digital capabilities.