Swiggy-backer Bessemer doubles down on Indian startups with dedicated $220m fund

Photo: Pixabay

US-based venture capital firm Bessemer Venture Partners, which has been investing in India since 2006, has raised a new dedicated India fund with a corpus of $220 million, the first such country-specific fund ever raised by the firm, said two senior executives of the company in an interaction with Mint.

The new fund comes at a time when the Indian startup ecosystem has seen a fundamental shift following the pandemic and has Indian startups have raised record-breaking sums of capital this year. In 2021 itself, India has seen the creation of 41 new unicorns (startups worth over $1 billion) so far.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter