Wipro Limited, a leading technology services and consulting company, has announced a fresh investment of $200 million into its venture arm, Wipro Ventures.
This funding marks the fourth round of investments for Wipro Ventures since its inception a decade ago.
The new investment aims to accelerate the company’s investments in early- to mid-stage startups.
A Decade of Commitment to Innovation
Wipro Ventures was founded in 2015 with a mission to identify and invest in high-potential early-stage startups.
These startups are at the forefront of technological innovation.
Over the past ten years, Wipro Ventures has successfully connected the company and its clients to a global ecosystem of startups.
These startups are working on disruptive technologies.
This initiative has enabled Wipro’s clients to access the latest innovations. It also provides startups with a platform to engage with a vast network of enterprise customers.
“Wipro Ventures is strategically positioned to participate in and contribute to technological innovation across startup hubs globally,” said Srini Pallia, Chief Executive Officer & Managing Director at the company.
He added, “This latest investment reaffirms our commitment to helping startups grow faster, innovate, and collaborate with the IT services industry to support large enterprises.”
Srini further envisioned deploying these emerging technologies globally, driving progress, and creating sustainable value for all stakeholders involved.
Wipro Key Achievements and Investments
In its decade-long journey, Wipro Ventures has invested in 37 startups across various domains.
These domains include artificial intelligence, data & analytics, cybersecurity, and cloud infrastructure.
These investments have resulted in the deployment of innovative solutions across 250+ customers globally. They have also led to 12 successful exits.
Wipro Ventures has not only made direct equity investments.
It has also invested in several early-stage, enterprise-focused, and cybersecurity-themed venture funds in India, the US, and Israel.
Jay Leek, Co-Founder & General Partner at SYN Ventures, highlighted the value they bring to the table.
He stated, “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,” Jay concluded.
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