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Bessemer Venture Partners appoints Pankaj Mitra as Partner

EntrackrEntrackr · 2m ago
Bessemer Venture Partners appoints Pankaj Mitra as Partner
Medial

Bessemer Venture Partners appoints Pankaj Mitra as Partner Bessemer Venture Partners has welcomed Pankaj Mitra as a Partner in its India team. Mitra will lead investments in AI, enterprise-tech, and cybersecurity as Bessemer doubles down on its India strategy. He joins from Cisco’s corporate development team, where he led global investments and M&A for the Customer Experience portfolio. His track record includes notable bets on Fiddler, Uniphore, and Whatfix. Previously, he helped launch Infosys’s $500 million innovation fund, investing in companies like Ideaforge and Whoop. He began his career at VMware and Deloitte, bringing a rare combination of product, strategy, and venture experience. “The ongoing AI platform shift offers a once-in-a-generation opportunity. I’m excited to partner with ambitious founders driving this evolution,” said Mitra. This appointment follows Bessemer’s announcement of its $350 million second India fund, with a focus on AI, fintech, enterprise, digital health, consumer, and cybersecurity. The firm has backed companies like Swiggy, Urban Company, Mediassist, Perfios, and recently Boldfit, Easebuzz, Protectt, Shopdeck, among others.

Kettleborough VC launches fund II with Rs 80 Cr target, closes Rs 35 Cr in first tranche

EntrackrEntrackr · 23d ago
Kettleborough VC launches fund II with Rs 80 Cr target, closes Rs 35 Cr in first tranche
Medial

Venture capital firm Kettleborough VC, founded by early-stage investor Nisarg Shah, has launched its second fund with a target corpus of Rs 80 crore and announced a first close at Rs 35 crore. The fund is backed by a mix of family offices and entrepreneurs from India and the US. According to Kettleborough, Fund II will continue to invest in deeply experienced founders at the earliest stages, typically those with over 10 years of domain expertise and a strong execution focus. The firm will write initial cheques of $300,000–$500,000 in about 10 startups, with significant follow-on reserves for high-performing bets. Founded in 2021, Kettleborough VC has built a name as a conviction-led, construct-specific fund. Its Fund I backed 12 startups including Zippmat, InPrime, Finhaat, and Elivaas, nine of which received their first institutional cheque from Kettleborough. These portfolio companies have since raised follow-on rounds from investors like Omnivore, Lightspeed, 3one4, and Bessemer. “We only back founders for whom the startup is a natural outcome of a decade-long journey in their domain. Fund I has validated this thesis with strong portfolio traction and early PMF. Fund II doubles down on this conviction,” said Shah. Kettleborough added that it focuses on “Dhandha-first” businesses, with interest across financial services, commerce infrastructure, and vertical SaaS/AI platforms. Shah has personally backed over 30 startups, with 10 exits and 80 follow-on rounds, including hits like Foxtale, Onebanc, and Homeville.

A91 Partners closes $665 Mn Fund III

EntrackrEntrackr · 3m ago
A91 Partners closes $665 Mn Fund III
Medial

A91 Partners has announced the final close of its third fund at $665 million. With Fund III, A91 plans to continue backing growth-stage businesses and supporting founders with scale and strategic capital. “We started A91 in 2018 with the following beliefs - patient capital will play an important role in accelerating value creation in Indian businesses across sectors. We also believed in the opportunity to create a world-class Indian investment firm - for founders who are aiming to build large enduring businesses from India. All these beliefs have been strengthened over the last 6 years,” said A91 Partners in a Linkedin post. Founded in 2018 by former Peak XV partners Gautam Mago, Abhay Pandey, Kaushik Anand, and VT Bharadwaj, A91 Partners was created to support Indian entrepreneurs building long-term businesses. The firm focuses on investing across sectors such as consumer, healthcare, financial services, and technology. The firm said it remains committed to being a long-term partner to both founders and Limited Partners as it continues to grow its presence in the Indian private equity landscape. A91 Partners has also made investments in sectors like coffee, spices, and home appliances, including backing brands such as Atomberg. It led a $30 million Series B funding round in Blue Tokai Coffee Roasters. The firm’s portfolio includes companies like Digit Insurance, Inshorts, Sugar Cosmetics, Exotel, Healthkart, Paper Boat, and Plum, among others. Go Digit General Insurance, one of A91’s portfolio companies, went public last year. In a recent disclosure, the International Finance Corporation (IFC) said that it is considering an investment of up to $35 million in A91 Partners’ third fund, with the possibility of committing an additional $30 million for co-investment opportunities.

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