Bessemer Venture Partners bets on AI to challenge $264 billion Indian IT services space

Bessemer Venture Partners (BVP) is betting on artificial intelligence (AI) to rattle India’s vast $264-billion IT services industry, long the bastion of billable hours. The early-stage venture capital fund plans to ramp up investments in AI-first startups over the next few quarters.

Nithin Kaimal, partner and chief operating officer, BVP, said the fund will focus on seed-to-early-stage AI-first companies led by founders with deep domain expertise. “The AI-enabled services and software sector is unique and nascent. We can enter the space starting…