Wipro, a leading software and IT services company based in Bengaluru, Karnataka, India, has announced a $200 million investment into Wipro Ventures, its venture arm. This marks the fourth round of funding since Wipro Ventures was established in 2015, aimed at accelerating investments in early- to mid-stage startups.
Wipro, a global IT and software services company headquartered in Bengaluru, Karnataka, India, has announced a fresh $200 million investment into Wipro Ventures, its venture capital arm. This latest funding marks the fourth round of investment since Wipro Ventures’ inception in 2015 and aims to accelerate backing for early- to mid-stage startups worldwide.
Srini Pallia, Wipro’s Chief Executive Officer and Managing Director, highlighted the strategic importance of this investment, stating that Wipro Ventures is committed to fostering innovation and collaborating with global startups.
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.”
Srini Pallia, Chief Executive Officer and Managing Director of Wipro.
Since its launch, Wipro Ventures has invested in 37 startups across sectors such as artificial intelligence, data & analytics, cybersecurity, and cloud infrastructure. These startups have deployed solutions for over 250 Wipro clients worldwide, contributing to technological advancements and market growth. The firm has also successfully exited 12 of its investments.
Beyond direct equity investments, Wipro Ventures has strategically invested in multiple early-stage, enterprise-focused, and cybersecurity-themed venture funds across India, the US, and Israel. This approach enhances Wipro’s ability to connect clients with cutting-edge innovations while providing startups with access to a global network of enterprise customers.
Jay Leek, Co-Founder and General Partner at SYN Ventures, a long-time co-investor with Wipro Ventures, expressed confidence in Wipro’s approach.
We strongly believe that the value-add that Wipro brings will enable startups to maintain their competitive edge and enjoy long-term success.”
Jay Leek, Co-Founder and General Partner at SYN Ventures
With this latest funding, Wipro Ventures is set to deepen its influence in the global startup ecosystem, driving advancements in emerging technologies and reinforcing its role as a key player in venture capital.
