Don't have the guts to buy very young startups, may destroy it if we acquire them: Wipro Chairman
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While addressing the event, Wipro’s chairman Rishad Premji said that Wipro has not had the guts to acquire startups in their infancy as a company could potentially destroy them. The speed and efficiency with which a young startup can pivot and reprioritise, a big company does not move with that agility, he added. Rishad mentioned that instead of acquiring startups, it will focus on taking their products to the global market.