Thiruvananthapuram

27°C

Light Rain

Enter word or phrase

Look for articles in

Last Updated Wednesday July 17 2019 05:01 AM IST

Infosys invests USD 3 million in sports start-up WHOOP

Text Size
Your form is submitted successfully.

Recipient's Mail:*

( For more than one recipient, type addresses seperated by comma )

Your Name:*

Your E-mail ID:*

Your Comment:

Enter the letters from image :

Infosys (Representative image)

New Delhi: Infosys has invested $3 million in U.S-based wearable device start-up firm WHOOP to pick up a minority shareholding in the company.

In a regulatory filing, Infosys said it has made an investment of $3 million (about Rs 20 crore) in WHOOP, an early stage company offering performance optimisation system for elite professional sports teams.

Infosys said that with through this transaction it will acquire minority shareholding, not exceeding 20 per cent of the outstanding shareholding of the company."

WHOOP's system includes a device worn by athletes on their wrist that continuously measures key strain and recovery variables and actionable analytics powered by proprietary algorithms that generate intensity and recovery scores.

"This enables athletes and coaches to gain visibility into the drivers of high performance, guide training and make optimal game day decisions," it added.

The company said that the transaction is expected to be completed by December 16.

Shares of Infosys were trading at Rs 1,063, up 1.01 per cent from previous close on BSE.

(With agency inputs)

Your form is submitted successfully.

Recipient's Mail:*

( For more than one recipient, type addresses seperated by comma )

Your Name:*

Your E-mail ID:*

Your Comment:

Enter the letters from image :

Disclaimer

The comments posted here/below/in the given space are not on behalf of Manorama. The person posting the comment will be in sole ownership of its responsibility. According to the central government's IT rules, obscene or offensive statement made against a person, religion, community or nation is a punishable offense, and legal action would be taken against people who indulge in such activities.

Email ID:

User Name:

User Name:

News Letter News Alert
News Letter News Alert