Wipro invests in TLV Partners

Q.  Which software services exporter has invested an undisclosed amount in Israel based VC firm TLV partners marking the first investment in the company?
- Published on 27 Jun 16

a. Wipro
b. Infosys
c. TCS
d. HCL

ANSWER: Wipro
 
India’s third largest software services firm Wipro has invested a non disclosed amount in Israel based VC firm TLV Partners marking the first investment in the venture capital firm. This gives the outsourcing firm access to portfolio of early stage enterprises and security ventures in one of the most active startup ecosystems in the world.
  • As per Wipro’s latest annual report, company invested in Tel Aviv based VC firm during 2015-2016
  • According to the latest annual report, company has invested in the Tel Aviv based venture capital firm during 2015-2016
  • TLV partners has a corpus of US $115 million and focuses on ventures in the cyber security, enterprise software and IoT according to CrunchBase.
  • Wipro’s latest move underscores the enhanced importance of Israel enterprise software industry to India’s US $160 billion IT industry.
  • In 2015, Israel automation tech firm Panaya was sold to Infosys for US $200 million
  • StartUp Genome which ranks ecosystems across the world rated the city of Tel Aviv as the fifth best startup ecosystem in the world in 2015 coming after Silicon Valley, NYC, LA and Boston.

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