Bessemer looks for IT disruptor AI startups

Firm evaluates 20-30 startups weekly, aims to invest $3-6 mn initially

- Rwit Ghosh

Bessemer Venture Partners is targeting pre-seed to early-stage AI startups aiming to transform India's $283-billion IT services sector, says partner and COO Nithin Kaimal.

Bessemer Venture Partners is eyeing pre-seed, seed, and early-stage investments in artificial intelligence companies that aim to disrupt India's $283-billion information technology services sector, according to a top executive at the global investment firm.

"About 95% of our conversations are with early-stage founders, but that's because these are very early days of the disruption of the market," Nithin Kaimal, partner and chief operating officer at Bessemer Venture Partners India, told Mint.