Wipro’s latest big bet on startups! Wipro Ventres raises nearly ₹1,740 crore in fourth round of fundraise

Wipro announced on Wednesday, February 26, that said it will invest $200 million (about ₹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 10 years ago, and is aimed at speeding up investments in startups at the early to mid-stage level.

“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, drive progress, and create sustainable value for all stakeholders involved,” said Wipro CEO and MD Srini Pallia.