Wipro's strategic investment arm has followed its $100m first fund with a second one, having backed 16 companies and exited two.

Wipro Ventures, India-based IT services firm Wipro‚Äôs corporate venture capital unit, launched its $150m second fund yesterday, a 50% increase from its first vehicle. The unit formed its $100m first fund in 2014, making its first investment early the following year. It targets early-to-mid stage companies developing technologies in areas such as cybersecurity, data, cloud…

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