Bessemer Venture Partners’ investment philosophy
Anant Vidur Puri, Partner, Bessemer Venture Partners, on its roadmap-driven approach, and the latest $220-million India dedicated fund.
US-headquartered venture capitalist firm Bessemer Venture Partners has announced its first India-dedicated fund of $220 million, which will be deployed to back early-stage companies from the India fund, investing in seed and Series A rounds. The fund is being deployed from its $2.5 billion global fund.
In a conversation with YourStory, Anant Vidur Puri, Partner at Bessemer, talks about how the VC firm will deploy its India-focused fund, what Bessemer's philosophy of investing in startups is, and how it deals with competition.
"We spend a lot of time meeting all companies in a sector, sub-sector, talking to experts, talking to industry leaders, and then decide this is a space that we believe is ripe for disruption and value can be created," he says.
An IIT Delhi and Harvard Business School graduate, Anant Vidur Puri has been a Partner with Bessemer for the last three years. He sits on the boards of , , and Remedinet, apart from being involved with , , and StayGlad.
Bessemer Venture Partners has been investing in India for the last 15 years, backing 60 ventures with $700-800 million. Some of the companies in its portfolio include sector leaders such as, , , and the .
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“Do not throw money at the problem and hire from another company. Having a long-term mindset is important and we need to invest in talent.”