Wipro Ventures makes its first VC investment with TLV Partners deal

Wipro Ventures Ltd. has invested an undisclosed sum in the Israel-based TLV Partners. In Picture: People walk in the Wipro campus in Bangalore June 23, 2009 (Representational image).Reuters file Wipro Ventures Ltd. has invested an undisclosed sum in the Israel-based TLV Partners to officially enter the race to invest in venture capital (VC) firms and start-ups dealing with disruptive technologies, reports Mint. Wipro’s first investment in TLV Partners, the Tel-Aviv based VC firm that is valued at $115 million, will open up opportunities for it to tie up with start-ups in the latter’s portfolio. This would be aimed to improve Wipro’s services with a focus on enterprise software and security. “We engage with these companies based on the level of maturity of the solution and the specific needs of our clients,”…


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