Bessemer Venture Partners Raises INR 10,000 Cr., Plans To Invest A Part In India

Bessemer Venture Partners, a Silicon Valley-based investor, has raised INR 10,000 Cr for its IX Investment Fund. It is expected that a tenth part of the total amount raised around INR 1,250 Cr would be invested in Indian startups.

The fund will focus on startups dealing in Consumer Internet, Enterprise Technology, Mobile, Cyber Security, Cloud Computing and SaaS, Developer Platforms and Developer Infrastructure, Healthcare IT and Space.

Speaking on the development, Vishal Gupta, MD of the India office said, “We allocate around one-third of the funds outside the US, which is over INR 3,000 Cr for India and Israel. We don’t raise a dedicated pool for a country or strategy, which also gives us flexibility in writing cheques.”

The venture capital firm has issued a statement that it will continue to support BVP Funded companies through follow-on investments and network relationships, and operational support from experts in business and corporate development, talent acquisition and marketing/communications.   And, it will make these investments all over the world.

Bessemer Venture Partners, founded in 1911, is an American global venture capital firm and currently manages more than $4 Bn of venture capital. It has invested in around 24 companies in India in areas like Internet and Mobile, Software products, Financial services, Health Care.

Earlier in last year, BVP had invested in nine Indian companies which include Livspace, TaxiForSure, Snapdeal, Remedinet Technologies and Hungama Digital among others.