Bessemer Venture Partners: Bessemer closes $350 million India-only fund to boost play

Bessemer Venture Partners (BVP) closed its second dedicated India fund at $350 million (about Rs 3,051 crore), aiming to invest in startups across artificial intelligence (AI), software-as-a-service (SaaS), fintech, digital health, consumer brands, and cybersecurity domains.

This follows the Silicon Valley-based venture capital firm’s first India-focused fund of $220 million raised in 2021, which backed startups such as Boldfit, MoveInSync, Pepper Content, Shopdeck, Vetic, and Zopper.

“The fund was substantially oversubscribed, but we capped it at…