Wipro Ventures Secures $200 Million to Boost Startup Investments
Wipro announced on Wednesday, February 26, that it will invest $200 million(approximately ₹1,740 crore) into its venture arm, Wipro Ventures, to accelerate funding for tech startups. This marks the fourth funding round for Wipro Ventures since its inception a decade ago and focuses on supporting early to mid-stage startups.
Wipro CEO and MD Srini Pallia emphasized the company’s commitment to fostering innovation and collaboration within the IT services industry. “This investment reaffirms our dedication to helping startups scale, innovate, and integrate emerging technologies into global enterprises. We aim to build a collaborative ecosystem that drives progress and delivers long-term value for all stakeholders,” he stated.
What is Wipro Ventures?
Founded in 2015, Wipro Ventures focuses on identifying and investing in high-potential early-stage startups that drive technological innovation. The team bridges the gap between Wipro, its clients, and a global network of startups working on disruptive technologies, enabling enterprises to adopt cutting-edge solutions while providing startups with access to a vast customer base.
Over the past decade, Wipro Ventures has invested in 37 startups across sectors such as artificial intelligence, data & analytics, cybersecurity, and cloud infrastructure. These solutions have been deployed across more than 250 Wipro customers worldwide, with 12 successful exits. Additionally, Wipro Ventures has backed several early-stage, enterprise-focused, and cybersecurity venture funds in India, the US, and Israel.
Wipro’s Q3 Results
In the third quarter of FY25, India’s fourth-largest IT firm recorded a 24.5 percent increase in consolidated net profit to ₹3,353.8 crore, up from ₹2,694.2 crore the previous year. In the December quarter, revenue from operations increased by 1% to ₹22,319 crore, compared to ₹22,205 crore the previous year. In a regulatory filing, Wipro declared an interim dividend of ₹6 per share.
Wipro’s top management forecasted a “more hopeful and resilient” 2025 following macroeconomic headwinds in 2024. During Q3FY25, the Bengaluru-based IT major’s revenue from operations was boosted by momentum in the banking, financial services, and insurance sectors, as well as in America.
