Wipro Ventures gets $200 mn from parent to invest in new age startups

Wipro Ventures, the investment arm of Wipro, which invests in early- to mid-stage enterprise software startups, has received $200 million from its parent company as part of the fourth funding round to focus more on new-age companies.

The company, which has invested in 37 companies to date across financial services, healthcare, manufacturing, and hi-tech, has also put money into 10 funds in the US, Israel, and India.