Sify Technologies to invest Rs 150 crore in start-ups

Sify Technologies is planning to invest Rs 150 crore in start-ups, focusing on cloud, security and managed services.

The strategy is to strengthen and differentiate Sify’s current service and product offerings both for domestic and international markets.

Sify will target companies outside India in order to expand its presence in key foreign markets.

In addition, Sify will seek to leverage the company’s intellectual property in India, create new revenue streams and increase brand awareness.

Sify has already allotted Rs 30 crore of capital.

The company will allocate an additional Rs 120 crore.

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