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Wipro launches 250Cr Fund

Financial Express · 11m

Wipro Consumer Care-Ventures, the startup investment arm of Wipro's consumer division, has launched its second fund with a corpus of Rs 250 crore. The fund will concentrate on investing in consumer startups in India and Southeast Asia, particularly those in personal care, skin care, home care, wellness, food, fragrances, and BPC. With a focus on e-commerce-driven companies from Pre-Series A onwards, Wipro Consumer Care-Ventures aims for a minority stake approach (up to 25%) and will continue supporting and nurturing startups as needed. The first fund, launched four years ago with a Rs 200 crore corpus, has shown a multiple on invested capital exceeding 2.2x, with successful exits and high returns. Despite current headwinds in the investment landscape, the firm sees a need for startups to prioritize stability, scalability, and a clear path to profitability.