Bessemer Venture Partners has announced its second India-focused fund, allocating $350 million, making it one of the largest India-specific funds raised by a global or domestic VC firm. The San Francisco-based firm, known for backing startups like Anthropic, AppliedAI, Urban Company, BigBasket, and LivSpace, aims to invest in AI-enabled services, SaaS, fintech, digital health, consumer brands, and cybersecurity.
Expanding Investments and Fund in India’s Startup Ecosystem
Bessemer’s Vishal Gupta and Anant Vidur Puri will continue leading the India fund, reinforcing the firm’s commitment to the region. The firm highlighted India’s rapidly growing digital economy, fueled by a young, tech-savvy middle class, digital infrastructure advancements, and domestic investment growth. With India on track to becoming a trillion-dollar digital economy, Bessemer sees significant potential in SaaS startups serving both local and global markets.
Bessemer has already invested in over 80 Indian startups, including notable IPO successes like Swiggy. The firm has backed companies such as Boldfit, MoveInSync, Pepper Content, Shopdeck, Vetic, and Zopper through its first India fund.
Bessemer joins a growing list of global and domestic VCs launching India-specific funds. Recent entrants include Prime Venture Partners ($100M fund), Stellaris Venture Partners ($300M India fund), and corporate investors like Indigo. While the pace of new fund launches has moderated since the 2020-2022 boom, India’s startup ecosystem remains a key investment destination.
