Sumit Keshan, managing partner of Wipro Consumer Care – Ventures, said the fund s approach has been to invest $1-3 million per deal with a follow-on investment that can go up to $4 million. The second fund will make a portfolio of around 15-16 companies, largely with the same ticket sizes, with a little more focus on follow-on funding, he added.
Wipro Consumer Care & Lighting: Sumit Keshan, managing partner of Wipro Consumer Care – Ventures, said the fund s approach has been to invest $1-3 million per deal with a follow-on investment that can go up to $4 million. The second fund will make a portfolio of around 15-16 companies, largely with the same ticket sizes, with a little more focus on follow-on funding, he added.
Wipro stock has slipped 45%, emerging as the top loser among the IT giants this year. Wipro shares, which closed at Rs 715.20 on December 31, 2021, were trading at Rs 393.90 in the current session