Hyderabad, Feb. 26 -- Wipro Limited, a leading technology services and consulting company, on Wednesday announced that it will be committing $200 million to its venture arm, Wipro Ventures, in its latest round of funding.
This is the fourth round of funding raised by Wipro Ventures since its inception 10 years ago and is aimed at accelerating the company's investments in early- to mid-stage startups, the company said in a release.
"Wipro Ventures is strategically positioned to participate in and contribute to technological innovation across startup hubs globally," said Srini Pallia, Chief Executive Officer & Managing Director, Wipro Limited. '
He emphasized "This latest investment reaffirms our commitment to helping startups grow faster,...