Wipro's latest big bet on startups! Wipro Ventres raises nearly ₹1,740 crore in fourth round of fundraise

Wipro announced on Wednesday, February 26, that said it will invest $200 million (about ₹1,740 crore) in its arm Wipro Ventures to accelerate its funding for startups in the technology innovation space. This marks the fourth funding round for Wipro Ventures since it began operations 10 years ago, and is aimed at speeding up investments in startups at the early to mid-stage level.

"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 these emerging technologies can be deployed globally, drive progress, and create sustainable value for all stakeholders involved," said Wipro CEO and MD Srini Pallia.

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What does Wipro Ventures do?

Wipro Ventures Ltd was established in 2015 and focuses on identifying and investing in promising early-stage startups that drive technological innovation. The Wipro Ventures team connects Wipro and its clients to a global ecosystem of startups working on disruptive technologies, enabling clients to access the innovations while providing startups access to a global network of enterprise customers.

In the past decade, Wipro Ventures has invested in 37 startups from sectors like artificial intelligence, data & analytics, cybersecurity, and cloud infrastructure, deployed solutions across over 250 Wipro customers globally and had 12 successful exits. It has also invested in several early-stage, enterprise-focused and cybersecurity-themed venture funds in India, the US, and Israel.

Also Read: Wipro ADR rises 4% on NYSE after IT major’s net profit shoots 24% YoY to surpass Street estimates in Q3FY25

Wipro Q3 Results

India's fourth-largest tech giant reported a 24.5 per cent rise in its consolidated net profit to ₹3,353.8 crore during the third quarter of FY25, compared to ₹2,694.2 crore in the year-ago period. Revenue from operations in the December quarter was ₹22,319 crore, up one per cent, compared to ₹22,205 crore in the year-ago period. Wipro filed a regulatory filing announcing an interim dividend of ₹6 per share. 

Wipro's top management guided for a "more hopeful and resilient" 2025 after facing macroeconomic challenges in 2024. The Bengaluru-headquartered tech major's revenue from operations was aided by momentum in banking, financial services, insurance space, and America's geography during Q3FY25.

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