Wipro Limited, a technology and consulting company, has announced a fresh investment of $200 million in its investment arm called Wipro Ventures. This is the fourth time Wipro Ventures has raised money since it started 10 years ago. This funding aims to help Wipro invest more in early-stage and growing startups.
Srini Pallia, Chief Executive Officer & Managing Director, Wipro Limited, said, “This latest investment reaffirms our commitment to helping startups grow faster, innovate, and collaborate with the IT services industry to support large enterprises. We envision a collaborative ecosystem where these emerging technologies can be deployed globally, drive progress, and create sustainable value for all stakeholders involved.”
Wipro Ventures was established in 2015 to find and invest in new startups that have exciting, innovative ideas and technology. The Wipro Ventures team helps Wipro and its clients connect with a global network of innovative startups, helping clients access the latest technologies while supporting the startups in reaching large businesses.
In the last 10 years since it started, Wipro Ventures has invested in 37 startups in areas like Artificial Intelligence (AI), data analytics, cybersecurity, and cloud services, deployed solutions across 250+ Wipro customers globally, and had 12 successful exits.
Jay Leek, Co-Founder & General Partner SYN Ventures, said, “We are delighted to have worked with Wipro Ventures as co-investors over the years. They are well-positioned to capitalize on emerging trends in the industry. We strongly believe that the value-add that Wipro brings will enable startups to maintain their competitive edge and enjoy long-term success.”
Also Read: Wipro Launches IoT-Powered MyWiproVerse in HyderabadBesides investing directly in companies, Wipro Ventures has also put money into several early-stage funds that focus on businesses and cybersecurity, with investments in India, the US, and Israel.
