Wipro makes undisclosed investment in business commerce platform Tradeshift

The deal was made by Wipro's investment arm Wipro Ventures

India's third largest software exporter Wipro has invested an undisclosed amount in San Francisco's cloud-based business commerce platform Tradeshift through its strategic investment arm Wipro Ventures.

The quantum of the investment will be used to develop Tradeshift's innovative applications, trade financing solutions, platform and business-to-business marketplace ecosystem.

After acquiring Appirio, a $500 million buy to strengthen cloud-based services, this the second investment for cloud-based service delivery.

Wipro chief executive Abidali Neemuchwala had earlier said his company was regularly evaluating start-up to get brilliant ideas that could drive digital innovation.

Wipro Venture arm evaluates and invests in startups that work on emerging areas such as