Bessemer Venture Partners: Bessemer closes $350 million India-only fund to boost play

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Bessemer Venture Partners (BVP) closed its second dedicated India fund at $350 million (about Rs 3,051 crore), aiming to invest in startups across artificial intelligence (AI), software-as-a-service (SaaS), fintech, digital health, consumer brands, and cybersecurity domains.

This follows the Silicon Valley-based venture capital firm’s first India-focused fund of $220 million raised in 2021, which backed startups such as Boldfit, MoveInSync, Pepper Content, Shopdeck, Vetic, and Zopper.

“The fund was substantially oversubscribed, but we capped it at…



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Bessemer Venture Partners: Bessemer closes $350 million India-only fund to boost play


Bessemer Venture Partners (BVP) closed its second dedicated India fund at $350 million (about Rs 3,051 crore), aiming to invest in startups across artificial intelligence (AI), software-as-a-service (SaaS), fintech, digital health, consumer brands, and cybersecurity domains.

This follows the Silicon Valley-based venture capital firm’s first India-focused fund of $220 million raised in 2021, which backed startups such as Boldfit, MoveInSync, Pepper Content, Shopdeck, Vetic, and Zopper.

“The fund was substantially oversubscribed, but we capped it at…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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