Bessemer Venture Partners raises $220 mn for early-stage India investments

The company's global portfolio includes Pinterest, Shopify and in India it has funds in PharmEasy and BigBasket.

Bessemer Venture Partners is setting up a $220 million fund for India and sees "massive growth opportunities" in the country, said the company. 

The fund will focus primarily on early-stage investments, consistent with Bessemer’s practice of starting with early funding and sticking with companies throughout their growth lifecycle. Bessemer plans to use the new capital in consumer internet and cloud software, including marketplaces, digital health, social commerce, vertical and global SaaS (software-as-a-service). 

“We’ve always had a global investment approach and India has long been a focus for us. This new capital allows us to go deeper into the market while