Venture Intelligence (TSJ Media Pvt. Ltd.)
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Wipro to invest $200-M more in venture arm to fund startups
Bengaluru-headquartered technology services company Wipro has announced that it will commit USD 200 million to its venture arm, Wipro Ventures . This is the fourth round of funding raised by Wipro Ventures since inception in 2015. It is focused on accelerating the company’s investments in early- to mid-stage startups.Wipro has invested in 37 startups in areas such as artificial intelligence, data and analytics, cybersecurity, and cloud infrastructure. It has deployed solutions across 250 plus Wipro customers globally and had 12 successful exits.In addition to making direct equity investments, Wipro Ventures has also invested in several early-stage, enterprise-focused and cybersecurity-themed venture funds in India, USA, and Israel.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.