Indian VC firm Westbridge Capital Partners closes second fund, while other firms explore expansion.
WestBridge Capital Partners said on Wednesday that it has closed its second fund, WestBridge Ventures II, LLC, with $200 million in commitments.
WestBridge, the largest and most active venture capital fund in India with approximately $350 million under management, will continue to focus on high-growth companies that target both the domestic and export markets across a variety of sectors, including outsourcing services, information technology, healthcare, and the Internet.
“We are pleased to announce a very successful close to our fundraising efforts for WestBridge Ventures II,” said Sumir Chadha, senior managing director of WestBridge. “The fund was highly oversubscribed, with strong interest both from existing investors in Fund I as well as many top-tier U.S. endowments and foundations.”
The WestBridge VC team is based in Bangalore and Silicon Valley. Westbridge’s portfolio includes July Systems, Emagia, AppLabs Technologies. Strand Genomics, ICICI OneSource, Tarang Software, and Celetronix International.
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WestBridge, the largest and most active venture capital fund in India with approximately $350 million under management, will continue to focus on high-growth companies that target both the domestic and export markets across a variety of sectors, including outsourcing services, information technology, healthcare, and the Internet.
“We are pleased to announce a very successful close to our fundraising efforts for WestBridge Ventures II,” said Sumir Chadha, senior managing director of WestBridge. “The fund was highly oversubscribed, with strong interest both from existing investors in Fund I as well as many top-tier U.S. endowments and foundations.”
The WestBridge VC team is based in Bangalore and Silicon Valley. Westbridge’s portfolio includes July Systems, Emagia, AppLabs Technologies. Strand Genomics, ICICI OneSource, Tarang Software, and Celetronix International.
More
posted by veerj at 10:00 AM
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