New Delhi, Nov. 25 -- Wipro Consumer Care Ventures, the venture capital arm of consumer goods major Wipro Consumer Care & Lighting, is looking to cash out of some of its investments from its first fund of Rs.200 crore.

It has raised a second fund of Rs.250 crore, and will make three to four new investments every year, a senior company official said.

Wipro Consumer Care Ventures began investing from its first fund in 2019-20, and has a portfolio of around 15 companies. Some of its initial bets include male-grooming startups such as Ustraa and LetsShave. It has since exited these two companies.

"This year we have done three investments-we will do another, maybe spill over to the next calendar year. For the next one year, we will look at ...