Wipro has announced a substantial commitment of $200 million to its venture capital arm, Wipro Ventures, marking the fourth round of funding since its establishment a decade ago. This investment aims to enhance the company's engagement with early- to mid-stage startups, reflecting Wipro's strategy to bolster its innovation and technology capabilities. The announcement comes amid a growing trend of corporate investment in startups, as Wipro seeks to strengthen its portfolio and adapt to the evolving market landscape. According to reports, Wipro Ventures typically focuses on investments ranging from $2 million to $5 million in promising startups. The company has previously seen some of its backed startups acquired by major tech firms such as Alphabet and Microsoft.
#TechWithMC | Our sweet spot is investing $2-$5 million, says Wipro Ventures after raising $200 million @shaw_reshab brings in more details👇 https://t.co/f97timnYcD #Wipro #Investment
#Wipro The technology services and consulting company will 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…
#StartupsWithMC | Some Wipro Ventures-backed startups acquired by tech giants Alphabet, Microsoft, says Managing Partner Adhya @shaw_reshab reports 👇 https://t.co/slrw1H7fhP #Wipro #Startups #Microsoft