Wipro Consumer Care Ventures eyes fund bets to widen startup reach in India and Southeast Asia
New Delhi, June 2 -- Wipro Consumer Care Ventures, which has backed startups such as Anveshan, Baker's Dozen and Let's Try, is looking to invest in funds as it seeks more sectoral expertise and source deals in India and Southeast Asia, aiming to broaden its presence, managing partner Sumit Keshan told Mint in an interview.
The firm will write larger cheques, ranging between Rs.10-30 crore, up from its earlier strategy of Rs.12-14 crore, and plans to participate in pre-series A, series A and series B rounds, Keshan said. It will broaden its horizon beyond its core categories such as personal care, home care, wellness, and nutraceuticals to include other sub-sectors such as pet care, appliances and packaged foods.
The company has already ...
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