The second dedicated India fund of Bessemer Venture Partners, which focuses on early-stage startups and helps them through later growth stages, has closed $350 million in capital.
The firm’s focus on early-stage investments in fintech, digital health, direct-to-consumer brands, cybersecurity, AI-enabled services, and SaaS will be strengthened by the new fund.
According to Bessemer, over 80% of its investments in India during the previous five years have gone to start-up businesses. Since establishing its presence in India almost twenty years ago in 2006, the company has made investments in over 80 startups throughout the nation.
Notable startups like Boldfit, MoveInSync, Pepper Content, Shopdeck, Vetic, and Zopper were backed by the first fund specifically for India. Its larger portfolio includes industry leaders like BigBasket, Livspace, Perfios, Swiggy, and Urban Company.
Bessemer’s portfolio in India includes nine initial public offerings (IPOs).
With 300 portfolio companies in the consumer, healthcare, and enterprise sectors and over 145 initial public offerings (IPOs), Bessemer helps CEOs and founders from the beginning to the end of their business’s development. Its global portfolio, which manages more than $18 billion in assets, includes businesses like ServiceTitan, Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr, and Toast.
