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Bulk of Bessemer's new India fund to go to AI-focused cos
Mint Mumbai
|March 12, 2025
The first fund, raised in 2021, of about $220 million, is likely deployed more than 70%, as per Bessemer execs
Global venture capital firm Bessemer Venture Partners expects artificial intelligence (AI) to disrupt its investment roadmaps, with a disproportionate share of its new $350 million India-dedicated fund likely to flow into opportunities in this new-age technology that promises to transform businesses.
The firm that has backed companies such as Swiggy, BigBasket, Urban Company, Pharmeasy, Cashify and Boldfit is now looking at increasingly investing in companies that are AI-driven, senior executives said in an interview with Mint.
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