Indian IT services major Wipro (NSE:WIPRO, BOM:507685) said it is committing $200 million to its venture arm, Wipro Ventures, in its fourth funding round, according to a Wednesday release filed with the Indian bourses.
The investment aims to accelerate backing for early- to mid-stage startups focused on technological innovation, Wipro said in the release.
Wipro Ventures, launched in 2015, connects Wipro and its clients to a global ecosystem of startups, according to the release.
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