Wipro to invest $200 mn in Wipro Ventures to accelerate startups funding

IT major Wipro on Wednesday said it will invest $200 million (about Rs 1,740 crore) in its arm Wipro Ventures to accelerate its funding for startups in the technology innovation space.

This marks the fourth funding round for Wipro Ventures since it began operations ten years ago, and is aimed at speeding up investments in startups at the early to mid-stage level, a company statement said.