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WIPRO CONSUMER CARE VENTURES LAUNCHES SECOND FUND WITH RS 250 CRORE CORPUS
The Business Guardian
|December 03, 2023
Wipro Consumer Care – Ventures, the venture funding arm of Wipro Consumer Care and Lighting, on December 2 said it has launched the second fund with a corpus of Rs 250 crore. The Fund II will focus on investing in consumer startups in India and Southeast Asia, a company statement said.
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“We would look for ecomm driven companies at Pre Series A onwards, with minority stake approach (up to 25 per cent), and continue with our strategy of helping and nurturing the startups as required,” it added. Wipro Consumer Care Ventures, launched around four years ago with a corpus of Rs 200 crore, has made 10 investments so far.
This story is from the December 03, 2023 edition of The Business Guardian.
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