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After Andreesen Horowitz, Bessemer gives up VC status to diversify investment portfolio

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After Andreesen Horowitz, Bessemer gives up VC status to diversify investment portfolio

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According to reports, Bessemer's decision to give up the standard VC status comes after General Catalyst and Andreessen Horowitz gave up their VC status in 2019, followed by Sequoia Capital this year.

Some of Bessemer Venture Partners India's recent investments include Pepper Content and Plobal Apps.

It also appointed Nithin Kaimal as its Chief Operating Officer (COO) of its Bengaluru office set up in 2006.


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Article Details

Author / Journalist: Prasannata Patwa ( )

Category: StartupsEconomy

Topics: Capital Venture Comes Investment According Bessemer Decision Year Firm Status Fund

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-02, 09:56:13

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Reading Time: 2 minutes read

Article Length: 256 words

Coverage Area: India

Availability: Desktop Web, Mobile Web

News ID: 26514

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About YourStory

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Main Topics: StartupsEconomy

Official Website: yourstory.com

Update Frequency: 13 posts per day

Year Established: 2008

Headquarters: India

News Last Updated: 14h ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +8:00

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