India's third largest software exporter has made this investment through Wipro Ventures, the company said in a filing to the BSE. The startup is based out of San Francisco in the US. Wipro did not comment on the amount it has invested in the startup but said that the partnership aims to help customers accelerate digitalisation and automation in their procurement, finance and accounting functions.

“The agreement combines the capabilities of Tradeshift’s platform with Wipro’s integrated Source-to-Pay (S2P )services that enable enterprises to achieve efficiencies across the procurement value chain,” stated Wipro.

By adding Tradeshift’s capabilities in product database, e-invoicing, procurement automation, mobility-enabled access, and global supplier risk management, Wipro will be able to standardise and continually expand its business process as a service (BPaaS) offerings, the filing added.

Wipro Senior Vice-President and Global Head, Business Process Services Nagendra P Bandaru said joining forces with Tradeshift will provide its customers access to their global, cloud-based supply chain platform.