Wipro Consumer Care & Lighting has allocated Rs 200 crore to invest in startups
R Sinduja
News Editor
Image Credit: shortpedia
The Indian startup ecosystem has been witnessing significant growth. Now, Wipro too has joined the bandwagon and its FMCG brand has allocated Rs 200 crore to its newly launched venture fund 'Wipro Consumer Care-Ventures'. It plans to use the fund to invest in new-age innovative startups, which primarily belongs to consumer brands space in India & Southeast Asia. The firms aim to invest in 3-4 startup each year.
