Bengaluru, Feb 28 (KNN) Wipro has announced a fresh USD 200 million investment in its venture capital arm, Wipro Ventures, as part of its latest funding round.
This marks the fourth round of funding since the firm’s inception, reinforcing its commitment to supporting early to mid-stage startups globally.
Wipro Ventures plays a crucial role in fostering technological innovation and collaboration across key industries such as financial services, healthcare, energy, and manufacturing.
By injecting additional capital, Wipro aims to accelerate the growth of emerging startups and integrate innovative solutions into its IT services portfolio.
“Wipro Ventures is strategically positioned to participate in and contribute to technological innovation across startup hubs globally,” said Srini Pallia, CEO and MD of Wipro.
“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, driving progress and creating sustainable value for all stakeholders.”
Since its launch in 2015, Wipro Ventures has invested in 37 startups, helping them scale and deploy solutions across more than 250 Wipro customers. The firm has also seen 12 successful exits, highlighting its strategic investment acumen.
Apart from direct investments in startups, Wipro Ventures has contributed funds to 10 enterprise-focused venture capital firms, including B Capital, Boldstart Ventures, Glilot Capital Partners, GTM Fund, Nexus Venture Partners, Pi Ventures, Sorenson Ventures, SYN Ventures, TLV Partners, and Work-Bench Ventures.
These partnerships enable Wipro to tap into cutting-edge technological advancements across different markets.
One of its recent investments includes Kognitos, a company leveraging generative AI to automate business processes and enhance productivity in large-scale transformation projects.
The venture arm continues to focus on high-growth sectors, aiming to drive meaningful change and support technological advancements that benefit both startups and enterprise clients.
With this latest investment, Wipro Ventures strengthens its position as a key player in fostering innovation, ensuring the seamless integration of emerging technologies into the broader IT landscape.
(KNN Bureau)
