Wipro Ventures Closes Second Fund of USD 150 mn
Wipro Ventures, the strategic investment arm of Wipro Limited has closed USD 150 million (about Rs 1,063 crore) Fund ll that will invest in enterprise software companies.
"Buoyed by the success of its first USD 100 million fund launched in 2015, Wipro Ventures will continue to invest in early to mid-stage companies building innovative enterprise software solutions across key areas, including cybersecurity, application development, analytics, cloud infrastructure, test automation, and artificial intelligence," Wipro said in a regulatory filing.
Wipro Ventures, managed by Biplab Adhya and Venu Pemmaraju, has invested in 16 early to mid-stage start-ups so far, including 11 in the US, 4 in Israel and 1 in India. ln addition to making direct equity investments, Wipro Ventures has also in...