VCC Bertelsmann announces India-focused fund of $500M
Bertelsmann has raised $500 mn for Indian startups. The venture capital company plans to deploy capital across 6-8 businesses every year. Bertelsmann India Investments, a venture capital firm, has unveiled a $500 million India-focused fund. In addition, suggesting an interest in early-stage investments, the VC firm stated in a statement that it will consider making select Series A investments. For the time being, Bertelsmann intends to deploy funds across 6-8 enterprises every year. It intends to prioritize investments in healthtech, corporate tech, the future of work, fintech, agritech, and other industries in 2022 and 2023. According to the announcement, the fund will also keep an eye on disruptive technologies such as Web3 and deeptech, and it wants to build more offices in India and the region. "Today, mid-stage investment in India and the region has moved into the early growth stage, with several innovative startups constructing such an ecosystem. With over...