Bessemer Venture Partners, an early backer of Swiggy, has raised $350 million for an India-focused fund to invest in AI-enabled businesses, fintechs and direct-to-consumer brands among others, the company said in a statement on Wednesday.

Bessemer Venture Partners raises $350M for its second India fund, focused on backing next-gen startups in AI, SaaS, fintech, and more, supporting growth and innovation.

Bessemer Venture Partners has announced a $350 million fund dedicated to early-stage investments in India. This is the firm’s second India-focused fund,

B essemer Venture Partners, one of the oldest global venture capital firms in the world, has announced the close of its second dedicated India fund at $350 million.

Bessemer Venture Partners secured $350 million for its second India-focused fund, aiming to support early-stage startups in AI-driven services, cybersecurity, digital health, and fintech. They foresee the Indian internet economy reaching $1 trillion and view this as an optimal time to invest,

The new fund underscores Bessemer's long-standing presence in India, where it has been investing since 2006, and aims to support emerging companies from their early stages through subsequent growth ph