Wipro invests undisclosed amount in Tradeshift

BENGALURU: Wipro’s venture arm has invested an undisclosed amount in business process platform company Tradeshift and the IT firm said it will partner with the startup to offer cloud-based supply chain solutions.

Wipro said the partnership would help customers boost the automation in their procurement, finance and accounting functions.

“Joining forces with an innovative company such as Tradeshift will provide our customers access to their global, cloud-based supply chain platform,” Nagendra P Bandaru, global head of business process services at Wipro, said in a statement.

The IT company said its strategic investment arm had made an investment in Tradeshift to strengthen the partnership and develop its solutions and ecosystem.

Last week, Wipro CEO Abidali Neemuchwala said the venture arm had made nine investment so far and was on pace to invest $20 million every year in 4-6 investments.