💨 Abstract

Bessemer Venture Partners, an early investor in Swiggy, has raised $350 million for an India-focused fund to invest in AI-enabled businesses, fintechs, and direct-to-consumer brands. The US-based firm plans to continue backing young Indian startups, with 80% of investments in the last five years being early-stage. The fund will be allocated from mid-2025.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖