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Bessemer Venture Partners (BVP) has launched its second India-focused fund worth $350 million, a 50% increase from its 2021 fund ($220 million). The firm will target early-stage startups in AI, fintech, SaaS, cybersecurity, digital health, and D2C brands. BVP has previously backed BigBasket, Swiggy, Urban Company, Pharmeasy, and Perfios, among others. With $18 billion in global assets, BVP aims to capitalize on India's expanding tech ecosystem. The firm's increased investment signals strong confidence in India's technology-driven future, potentially attracting more global investors to the region's startup landscape.
Silicon Valley-headquartered Bessemer Venture Partners (BVP) has announced the launch of its second India-focused fund, valued at USD 350 million. This represents a 50% increase compared to its first India fund of USD 220 million, which had been introduced in 2021. The firm intends to concentrate its investments on early-stage businesses that leverage artificial intelligence (AI), as well as ventures in financial technology and direct-to-consumer brands. Advertisement
The Silicon Valley-based firm has previously backed several prominent Indian companies, such as BigBasket, Urban Company, Bharat Matrimony, Medi Assist, Perfios, Pharmeasy, Zopper, and Swiggy. BVP's first USD 220 million India fund introduced in 2021 backed ventures such as Boldfit and Shopdeck. Globally, BVP has previously invested in companies such as LinkedIn, Shopify, Anthropic, Perplexity, Canva, OLX, Pinterest, and Skype, among others, managing assets worth USD 18 billion.
Having established its India office nearly two decades ago, BVP plans to target investments across sectors including AI, software as a service (SaaS), fintech, digital health, cybersecurity, and D2C brands. Prior to 2021, the venture capital firm had been investing in India through its global fund.
BVP has reiterated its focus on early-stage startups, a strategy that has shaped 80% of its investments in India over recent years.
Bessemer Venture Partners' heightened focus on India underscores its strong confidence in the country's technology-driven future. As the firm and its contemporaries continue to deploy significant capital, they are paving the way for innovation and growth in the Indian startup ecosystem, which is likely to attract more global players seeking opportunities in the region's expanding technology sector.
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