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Home Gadgets Infosys divests part of its stake in Whoop for USD 10 million

Infosys divests part of its stake in Whoop for USD 10 million


New Delhi: IT services main Infosys on Friday stated it has divested one-third of its holding in US-based Whoop for about USD 10 million (about Rs 73.5 crore).

In 2015, Infosys had introduced making a USD 3 million funding in US-based wearable device startup Whoop for a minority shareholding within the firm.

“The corporate had made a minority funding of USD 3 million throughout December 2015 in Whoop Inc, the human efficiency firm headquartered in Boston, USA. …The corporate wish to inform that it has divested one-third of its holding for about USD 10 million,” Infosys stated in a submitting on Friday.

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