Bessemer Venture raises $350-M for second India-focused fund

Bessemer Venture Partners has closed its second India dedicated venture capital fund with USD 350 million. The fund will prioritise investments in artificial intelligence (AI)-enabled services, SaaS, fintech, digital health, direct-to-consumer brands, and cybersecurity.Bessemer established its presence in India in 2006 and has invested in over 80 startups. About 80% of its investments in India over the past five years was directed toward early-stage companies.