January 16 - 15:01
Wipro launches $150 million fund for tech start-ups
Wipro's investment arm Wipro Ventures has raised $150 million to invest in enterprise startups and venture capitalist funds. Fund II follows the $100 million that Wipro invested in 2015 in mid-stage startups specialising in cybersecurity, analytics, cloud infrastructure, test automation, and AI. Wipro Ventures, managed by Biplab Adhya and Venu Pemmaraju, has invested in 16 start-ups so far.
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