Wipro Limited, a technology services and consulting company, on Wednesday said it would be committing $200 million to its venture arm, Wipro Ventures, in its latest round of funding.
This is the fourth round of funding raised by Wipro Ventures since its inception 10 years ago and is aimed at accelerating the company’s investments in early- to mid-stage startups, as per a company communique.
Srini Pallia, CEO & MD of Wipro, said this investment reaffirmed Wipro’s commitment to helping startups grow faster, innovate, and collaborate with the IT services industry to support large enterprises.
“Wipro Ventures is strategically positioned to participate in and contribute to technological innovation across start-up hubs globally,” Mr. Pallia said.
He further said that Wipro envisioned a collaborative ecosystem where these emerging technologies could be deployed globally, to drive progress, and create sustainable value for all stakeholders involved.
Since its inception in 2015, Wipro Ventures has invested in 37 start-ups in areas such as artificial intelligence, data and analytics, cybersecurity, and cloud infrastructure; deployed solutions across over 250 Wipro customers; and reported 12 exits.
The company also invested in several early-stage, enterprise-focused and cybersecurity-themed venture funds in India, the U.S., and Israel.
Published – February 26, 2025 11:17 pm IST
