IT major Wipro commits $200 million in fresh investment to Wipro Ventures

Technology services and consulting giant Wipro has announced a fresh commitment of $200 million to Wipro Ventures, its strategic investment arm.

This marks the fourth round of funding for Wipro Ventures since its inception 10 years ago and is designed to accelerate the company’s investments in early- to mid-stage startups.

Focus on early-stage startups

Wipro Ventures, founded in 2015, focuses on identifying and investing in early-to mid-stage startups that are developing disruptive technologies in areas such as artificial intelligence, data and analytics, cybersecurity and cloud infrastructure. 

By connecting these startups with Wipro’s global network of enterprise clients, the venture arm helps them refine their products and expand their reach. At the same time, it offers Wipro’s customers access to the latest innovations in the tech sector.

Leadership comments

“Wipro Ventures is strategically positioned to participate in and contribute to technological innovation across startup hubs globally,” said Srini Pallia, Chief Executive Officer & Managing Director, Wipro Limited.

“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.”

Jay Leek, Co-Founder & General Partner of SYN Ventures, said, “We are delighted to have worked with Wipro Ventures as co-investors over the years. They are well-positioned to capitalize on emerging trends in the industry. We strongly believe that the value-add that Wipro brings will enable startups to maintain their competitive edge and enjoy long-term success.”

Past achievements

In its decade of operations, Wipro Ventures has invested in 37 startups and helped roll out their solutions to over 250 Wipro clients globally. The fund has also seen 12 successful exits. 

In addition to making direct equity investments, Wipro Ventures has also invested in several early-stage, enterprise-focused and cybersecurity-themed venture funds in India, the US, and Israel.