Bessemer chases AI startup that could disrupt India’s IT sector

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“About 95% of our conversations are with early-stage founders, but that’s because these are very early days of the disruption of the market,” Nithin Kaimal, partner and chief operating officer at Bessemer Venture Partners India, told Mint.

Bessemer evaluates 20-30 companies working in the AI for information technology (IT) services sector every week. The firm is comfortable offering up anything between $3 and $6 million, according to Kaimal. “This is enough for them to get things off the ground and…



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Bessemer chases AI startup that could disrupt India’s IT sector


“About 95% of our conversations are with early-stage founders, but that’s because these are very early days of the disruption of the market,” Nithin Kaimal, partner and chief operating officer at Bessemer Venture Partners India, told Mint.

Bessemer evaluates 20-30 companies working in the AI for information technology (IT) services sector every week. The firm is comfortable offering up anything between $3 and $6 million, according to Kaimal. “This is enough for them to get things off the ground and…



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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