Latest news with #BessemerVenture
CNBC
28-05-2025
- Business
- CNBC
National security is of paramount importance when it comes to AI chips, says Bessemer's Byron Deeter
Byron Deeter, Bessemer Venture Partner, joins 'Closing Bell Overtime' to talk the state of chip exports in the U.S.
Yahoo
13-03-2025
- Business
- Yahoo
Venture capital firm Bessemer raises $350 million for second India fund
By Ashwin Manikandan and Haripriya Suresh (Reuters) - Bessemer Venture Partners, an early backer of Swiggy, has raised $350 million for an India-focused fund to invest in AI-enabled businesses, fintechs and direct-to-consumer brands among others, the company said in a statement on Wednesday. The United States-based venture capital firm said it will allocate this fund from mid-2025 to continue making fresh bets in young Indian businesses. The firm's 80% of investments in the country over the last five years have been in early-stage startups. Bessemer Venture had raised $220 million in 2021 for its first India fund, which invested in startups such as Boldfit, Pepper Content, Shopdeck, and Zopper. Vishal Gupta, a partner at Bessemer Venture, said that the focus is on 'identifying and investing in founders who are driving innovation, solving complex challenges, and building market-defining companies.' Bessemer Venture, which set up its India office in Bengaluru nearly two decades ago, has a portfolio of over 80 companies in the country including Swiggy, Ola, BigBasket and Perfios. Globally it manages assets worth $18 billion which includes stakes in companies such as Pinterest, Shopify and LinkedIn. The announcement comes on the heels of Accel announcing its eighth India fund of $650 million earlier this year, and Stellaris Venture Partners closing a $300 million fund late last year. The overall fund-raising activity by startups in India was subdued in 2024, reflecting limited availability of capital and risk averse approach among investors. Total fund-raising fell to $2.7 billion last year from $4 billion in 2023, and cases where firms raised more than $100 million have also dropped, squeezing the average ticket size of venture capital bets as well, according to a report by Bain and IVCA.
Yahoo
12-03-2025
- Business
- Yahoo
Venture capital firm Bessemer raises $350 million for second India fund
By Ashwin Manikandan and Haripriya Suresh (Reuters) - Bessemer Venture Partners, an early backer of Swiggy, has raised $350 million for an India-focused fund to invest in AI-enabled businesses, fintechs and direct-to-consumer brands among others, the company said in a statement on Wednesday. The United States-based venture capital firm said it will allocate this fund from mid-2025 to continue making fresh bets in young Indian businesses. The firm's 80% of investments in the country over the last five years have been in early-stage startups. Bessemer Venture had raised $220 million in 2021 for its first India fund, which invested in startups such as Boldfit, Pepper Content, Shopdeck, and Zopper. Vishal Gupta, a partner at Bessemer Venture, said that the focus is on 'identifying and investing in founders who are driving innovation, solving complex challenges, and building market-defining companies.' Bessemer Venture, which set up its India office in Bengaluru nearly two decades ago, has a portfolio of over 80 companies in the country including Swiggy, Ola, BigBasket and Perfios. Globally it manages assets worth $18 billion which includes stakes in companies such as Pinterest, Shopify and LinkedIn. The announcement comes on the heels of Accel announcing its eighth India fund of $650 million earlier this year, and Stellaris Venture Partners closing a $300 million fund late last year. The overall fund-raising activity by startups in India was subdued in 2024, reflecting limited availability of capital and risk averse approach among investors. Total fund-raising fell to $2.7 billion last year from $4 billion in 2023, and cases where firms raised more than $100 million have also dropped, squeezing the average ticket size of venture capital bets as well, according to a report by Bain and IVCA.
Reuters
12-03-2025
- Business
- Reuters
Venture capital firm Bessemer raises $350 million for second India fund
March 12 (Reuters) - Bessemer Venture Partners, an early backer of Swiggy ( opens new tab, has raised $350 million for an India-focused fund to invest in AI-enabled businesses, fintechs and direct-to-consumer brands among others, the company said in a statement on Wednesday. The United States-based venture capital firm said it will allocate this fund from mid-2025 to continue making fresh bets in young Indian businesses. The firm's 80% of investments in the country over the last five years have been in early-stage startups. Bessemer Venture had raised $220 million in 2021 for its first India fund, which invested in startups such as Boldfit, Pepper Content, Shopdeck, and Zopper. Vishal Gupta, a partner at Bessemer Venture, said that the focus is on 'identifying and investing in founders who are driving innovation, solving complex challenges, and building market-defining companies.' Bessemer Venture, which set up its India office in Bengaluru nearly two decades ago, has a portfolio of over 80 companies in the country including Swiggy, Ola, BigBasket and Perfios. Globally it manages assets worth $18 billion which includes stakes in companies such as Pinterest, Shopify and LinkedIn. The announcement comes on the heels of Accel announcing its eighth India fund of $650 million earlier this year, and Stellaris Venture Partners closing a $300 million fund late last year. The overall fund-raising activity by startups in India was subdued in 2024, reflecting limited availability of capital and risk averse approach among investors. Total fund-raising fell to $2.7 billion last year from $4 billion in 2023, and cases where firms raised more than $100 million have also dropped, squeezing the average ticket size of venture capital bets as well, according to a report by Bain and IVCA. Get a look at the day ahead in U.S. and global markets with the Morning Bid U.S. newsletter. Sign up here.
