Bessemer Venture Partners plans to invest $40-50M in India in 2018

Bessemer Venture Partners plans to invest $40-50 million in India this year, including in companies in its existing portfolio. 
The Silicon Valley-headquartered firm, best known for investing in companies such as professional social network LinkedIn and restaurant directory player Yelp, is eyeing opportunities in emerging healthcare technology and financial technology, besides consumer internet segment.
The venture capital firm has been active in India for over a decade and has invested about $700 million across 47 portfolio companies.
"We are more selective than spray and pray," said managing director Vishal Gupta, who heads the India office of the firm. "Investing pace in India is business as usual. In the last 18 months we have backed five new companies."
"Our investment strategy is making a few but concentrated bets," he said.
The firm can start by investing about $5 million and then raise the commitment to $40-50 million across rounds. For instance, it has led multiple rounds of funding for existing portfolio companies such as home design solutions player Livspace. Meanwhile, the venture firm has also beefed up its team, bringing in Anant Vidur Puri as a vice-president and Hrishikesh Arjun Nair as a senior analyst.
Some of the new companies that the firm has backed include food delivery startup Swiggy; payments company Innoviti; Perfios, which offers an analytics tech platform to more than 100 banks; and healthcare application DocsApp.
Initially it backed early-stage tech companies to even listed companies, but over the past five-six years it has sharpened its focus on technology companies as the startup market boomed.
It has also made several exits, from portfolio companies such as classifieds portal Matrimony and electrical power marketplace Indian Energy Exchange (IEX). Another firm in which it holds a stake is BigBasket, which recently got an investment from Chinese e-commerce giant Alibaba. It also holds a stake in ride hailing firm Ola through acquisition of TaxiForSure.

Trending News

Online companies are now selling meat and a new perception

Infosys enters JV in Japan; to pay about 2.7 billion yen

Naspers and CPPIB back Byju's, valuation jumps to $3.6 billion

Small sellers on Amazon, Flipkart seek PMO help to safeguard their interests

RBI seeks opinion of Indian govt & NPCI on WhatsApp's payment approval delay

Google+ to now shut down in April after finding a new privacy bug that affected 52.5M users

Indian govt likely to meet FY19 digital payments target

Obopay partners with Federal Bank & Mastercard to launch its own prepaid card for corporates

UrbanClap facilitates ESOP sale for upto Rs 18 crore

Walmart to tap Flipkart's tech expertise

Snapdeal claims to have added 50,000 sellers in last 12 months

Amazon targets airports for checkout-free store expansion

PayU India’s valuation estimated at $2.5 billion: Citi report

Amazon India & Flipkart are on similar run rate of $11.2B: Barclays

Tencent Music presses play on $1.2 billion U.S. IPO

Instagram Shopping may launch in India in 2019: Report

PhonePe users can now directly book IRCTC train tickets on the app

Facebook opens monetisation features for Indian content creators

UrbanClap raises $50M from Steadview Capital & Vy Capital

Xiaomi India nears Rs 23,000 cr in revenue within 4 years of operations

Paytm's unlisted owner One97 tops ₹1 lakh crore in valuation

Amazon may buy out Kishore Biyani's Future Group in new business deal

With $1.8B, Bessemer looks to make bets across fintech, healthcare technology & SaaS

Agritech startups Sabziwala and LivLush merge their business under new entity Kamatan

Avail Finance lands $17.2M from Matrix Partners & Ola, Freecharge and Flipkart founders

RBI suggests tax sops, self-regulation to build fintech space

Swiggy hires new CEO for its Access Service, gets new CFO

Logistics company Delhivery registers 44% increase in FY17 revenues

WeWork to acquire one of the oldest social networks, Meetup

Qualcomm rejects Broadcom's $103 billion offer

EasyRewardz gets $2 million Series-A funding

'Anemic' iPhone 8 demand drags Apple shares lower

Lending platform Lenden Club gets Rs 3.5cr in Equity Investment

On festive sales, Flipkart says 65% clients from Tier-II cities