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a16z To Set Up Shop In India With Office In Bengaluru

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SUMMARY

The VC firm will focus on backing homegrown early-stage AI and SaaS startups, which cater to global clients

a16z, which is said to have begun scouting for talent six months ago in April, plans to likely begin with hiring two persons to help build the deal pipeline in the country

Founded in 2009, a16z is one of biggest VC funds globally, with $46 Bn in AUM, and has backed giants like Airbnb, Asana, Slack, Facebook, among others

US-based venture capital (VC) giant…

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