Wipro, one of India’s top IT companies, is making a big move to support startups by investing $200 million (around ₹1,740 crore) in its venture arm, Wipro Ventures. This latest investment is part of Wipro’s ongoing effort to back emerging businesses that are working on groundbreaking technologies.
Wipro Ventures was launched ten years ago with the goal of helping young companies grow, and this marks its fourth round of investment. Over the years, it has played a crucial role in connecting startups with Wipro and its clients, creating opportunities for collaboration and innovation. Now, with this fresh infusion of funds, the company is set to accelerate its support for early- and mid-stage startups, providing them with the resources they need to scale.
Wipro’s CEO and MD, Srini Pallia, expressed his excitement about the investment, saying that the company is committed to fostering an ecosystem where startups can thrive. “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 future where these emerging technologies can be deployed globally, drive progress, and create long-term value for all stakeholders,” he said.
For startups, this is a golden opportunity. With Wipro’s backing, they won’t just receive funding but also access to mentorship, industry expertise, and global business networks. As the tech world continues to evolve, this investment could help fuel the next big wave of innovation, benefiting both startups and enterprises alike.