Wipro’s Chief Executive Officer & Managing Director Srini Pallia said the investment reflects the company’s commitment to fostering innovation in global startup hubs.
“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 emerging technologies can be deployed globally, driving progress and creating sustainable value for all stakeholders,” Pallia stated.
Founded in 2015, Wipro Ventures focuses on identifying and investing in high-potential early-stage startups, allowing Wipro to integrate cutting-edge innovations into its client offerings.
By connecting Wipro’s clients with a global network of startups working on disruptive technologies, the venture arm helps enterprises access the latest advancements while providing startups with a global customer base.
Jay Leek, Co-Founder & General Partner at SYN Ventures, a long-time co-investor with Wipro Ventures, expressed confidence in the firm’s ability to capitalise on emerging industry trends. “The value-add that Wipro brings will enable startups to maintain their competitive edge and enjoy long-term success,” Leek noted.
Over the past decade, Wipro Ventures has invested in 37 startups across artificial intelligence, data & analytics, cybersecurity, and cloud infrastructure, deploying solutions to over 250 Wipro clients globally. The fund has also recorded 12 successful exits.
Beyond direct investments, Wipro Ventures has allocated capital to several early-stage, enterprise-focused, and cybersecurity-themed venture funds in India, the US, and Israel, reinforcing its global innovation strategy.
