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

The company had made a minority investment of $3 million during December 2015 in Whoop Inc, the human performance company headquartered in Boston, USA.

PTI

December 18, 2020 / 10:34 PM IST

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IT services major Infosys on December 18 said it has divested one-third of its holding in US-based Whoop for about $10 million (about Rs 73.5 crore). In 2015, Infosys had announced making a $3 million investment in US-based wearable device startup Whoop for a minority shareholding in the company.

"The company had made a minority investment of $3 million during December 2015 in Whoop Inc, the human performance company headquartered in Boston, USA. …The company would like to inform that it has divested one-third of its holding for about $10 million," Infosys said in a filing on Friday.

PTI

TAGS: #2012 World Business and Development Award #Business #Infosys

first published: Dec 18, 2020 10:34 pm

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