Bessemer Venture Partners raises $220 for investments in next-generation investors in India
- ByStartupStory | November 30, 2021
Bessemer Venture partners, an American venture capital firm, announced the closing of a $220 million fund to back the next generation of innovators in India. Consistent with Bessemer’s time-honoured approach, this fund will also focus on early-stage investments starting with seed and Series A to stick throughout their growth and later-stage investments. The venture firm plans to apply a roadmap-driven investment plan to deploy the new capital over five roadmaps to understand the complexities behind the sectors.
Vishal Gupta, Partner and Managing Director of the firm’s Bangalore office said, “We’ve always had a global investment approach and India has long been a focus for us. This new capital allows us to go deeper in the market, while continuing to support our portfolio with Bessemer’s global network and resources. The dedicated fund exemplifies our confidence in the massive growth opportunities within India. We are excited to not only continue supporting the many companies with whom we already partner, but to expand our investments to even more innovative entrepreneurs who are shaping the future.”
Bessemer first invested in India 15 years ago and holds a track record that includes multi-stage investments, ranging from seed to Series D investments. The firm’s global portfolio includes, Pinterest, Shopify, Twilio, Yelp, LinkedIn (News – Alert), PagerDuty, DocuSign, Wix, Fiverr and Toast and has $9 billion of capital under management.
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