Bessemer Venture Partners Launches $350 Million India Fund

Bessemer Venture Partners has successfully raised $350 million for its second dedicated fund focused on India, which aims to support early-stage startups as they progress into later growth phases. This new fund is set to bolster the firm’s commitment to investing in early-stage ventures within sectors such as AI-driven services, SaaS, fintech, digital health, direct-to-consumer brands, and cybersecurity.

The firm noted that over 80% of its investments in India during the last five years have targeted early-stage companies. Bessemer initiated its operations in India nearly 20 years ago, in 2006, and throughout this period, it has invested in more than 80 startups across the region.

Previous Success with Early-Stage Startups

The first dedicated India fund contributed significantly by backing successful startups, including Boldfit, MoveInSync, Pepper Content, Shopdeck, Vetic, and Zopper. Furthermore, its wider portfolio comprises industry frontrunners like BigBasket, Livspace, Perfios, Swiggy, and Urban Company.

IPO Achievements in India

Bessemer has celebrated nine IPOs from its investments in India. With a robust record of over 145 IPOs and 300 portfolio companies within the enterprise, consumer, and healthcare domains, the firm is dedicated to assisting founders and CEOs throughout their journey from early startup stages to expansive growth.

Global Presence and Investments

The global portfolio of Bessemer Venture Partners includes renowned companies such as ServiceTitan, Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr, and Toast, with total assets under management exceeding $18 billion.