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India Practice Overview

With its growing demand for both domestic and export consumption, India offers huge potential to investors. Just as BVP saw the long-term opportunity when it entered Silicon Valley in the 1970s, we see a similar opportunity in India driven by the growth in innovation and middle-class prosperity. Since 2004, Bessemer has invested in more than 24 companies in India and established a 14-person, Mumbai-based team.

Bessemer's investment team makes a long-term commitment to the companies it backs. We seek to partner with management teams, providing our knowledge and technical expertise along with a global platform to help our portfolio companies succeed in the international market. If you wish to contact BVP's India investment team, feel free to send an email to india@bvp.com.

For India office and contact information, click here.


Description

Given India’s rich landscape of investment opportunities, Bessemer uses its longstanding tradition of investment “roadmaps”, or areas in which investors develop deep sector expertise, to focus our efforts. Currently, the India investment practice concentrates on three roadmaps:

  • Consumer services: The growing Indian middle class seeks education, information, entertainment and medical care. BVP assists talented business founders in growing their enterprises to meet these demands.

  • Financial services: India’s sustained, recent growth does not mask the fact that the country remains an under-served financial-services market. Life insurance penetration hovers at less than 5%, equity-market penetration is less than 10%, and fewer than 60% of households have access to banking services. Development of India’s financial- services sector will be a key driver of the country’s future growth. BVP works closely with entrepreneurs to target this opportunity.

  • Power and infrastructure: India’s growth has dramatized the need to expand its sources of power and upgrade its infrastructure. Recent spikes in the price of oil have added urgency to the importance of finding non-oil-dependent power sources and improving the efficiency of the physical infrastructure from power transmission to freight handling.
Past Investments Current Portfolio
Investment Team
Rob Chandra Vishal Gupta Sridar Iyengar Chitresh Modi Abhijeet Muzumdar
Rob
Chandra 		Vishal
Gupta 		Sridar
Iyengar 		Chitresh
Modi 		Abhijeet
Muzumdar
Siddharth Nautiyal Subramanya S.V. Raghav Bahl Vikul Goyal
Siddharth
Nautiyal 		Subramanya
S.V. 		Raghav
Bahl 		Vikul
Goyal
BVP White Papers and Tools Additional Articles

India's vibrant economy offers huge potential in the growing demand for both domestic and export consumption. Just as BVP saw the long term opportunity when it entered Silicon Valley in the 1970s, we saw a similar opportunity in India in 2004.

Applied Solar Technologies provides distributed solar energy technology and installation management services to enterprise customers throughout India.

Abhijeet Muzumdar is an associate at BVP India, working out of the Mumbai office.

Chitresh Modi is an associate at Bessemer Venture Partners, working out of the Mumbai, India office.

 ITNL is developing and building a pan India Surface Transport business by leveraging investment opportunities and also acquiring and managing projects.

Ind Barath Power Infra Private Ltd. is an infrastructure development company focused on establishing power projects that use a wide variety of fuels and serve a host of different customers across India.

 A financial services and brokerage company serving the needs of both institutional and retail investors in India.

Netambit provides outsources sales services across India in a number of business sectors.

  Raghav Bahl, an associate with BVP India’s Mumbai office, joined the firm in 2011. He focuses on investments in consumer products and retail. Most recently, Raghav was an associate at FIRE Capital Fund, India’s first real estate private equity fund, where he was responsible for deal evaluation, structuring and

Orient Green Power develops and operates clean energy (wind, hydro, and biomass-fueled) power plants in India.  It listed on the public markets in October of 2010.

S Balasubramanian is an Operating Partner with BVP India, working out of the Mumbai, India office.

Rob Chandra is a Partner in Bessemer's Menlo Park office. Since entering the venture capital industry in 1996, Rob has been involved with 22 early-stage investments that have gone public or been acquired by public companies. Three of Rob's portfolio companies went public during 2008. Rob is the founding partner of 

One of the leading players in the hospitality industry in India, Sarovar manages a diverse portfolio that includes hotels, resorts, restaurants, and corporate hospitality.

Siddharth Nautiyal is a director at BVP India, working out of the Mumbai office.

Shriram EPC is a specialized engineering services company addressing the Indian infrastructure sector. It listed on the public markets in 2008.

Shriram City Union Finance provides retail lending services to individuals and small businesses in India from a network of 633 outlets. 

Subramanya S.V. is a director at BVP India, working out of the Mumbai office.

  Vikul Goyal, an associate with BVP India’s Mumbai office, joined the firm in 2011. He focuses on investments in energy and financial services. Prior to joining Bessemer, Vikul served as a field engineer at oilfield services company Baker Hughes,

Sunil HiTech is an India-based company that specializes in designing, building, testing and commissioning thermal power plants.

Vishal Gupta is a managing director at BVP India, working out of the Mumbai office.