Bessemer Venture Partners raises $350 Mn India fund

Bessemer Venture Partners has closed $350 million in capital for its second dedicated India fund, focusing on early-stage startups and supporting them through subsequent growth stages.

The new fund will enhance the firm’s emphasis on early-stage investments across AI-enabled services and SaaS, fintech, digital health, direct-to-consumer brands, and cybersecurity.

Bessemer stated that more than 80% of its investments in India over the past five years have been in early-stage companies. The firm first established its India presence nearly two decades ago, in 2006, and has since invested in more than 80 startups across the country.

The first dedicated India fund backed notable startups including Boldfit, MoveInSync, Pepper Content, Shopdeck, Vetic, and Zopper, while its broader portfolio features category leaders such as BigBasket, Livspace, Perfios, Swiggy, and Urban Company.

Bessemer has also achieved nine IPOs within its India portfolio.

With more than 145 IPOs and 300 portfolio companies spanning the enterprise, consumer, and healthcare sectors, Bessemer supports founders and CEOs from their early days through every stage of growth. Its global portfolio includes companies such as ServiceTitan, Pinterest, Shopify, Twilio, Yelp, LinkedIn, PagerDuty, DocuSign, Wix, Fiverr, and Toast, with more than $18 billion in assets under management.