Bessemer Raises $1 Billion

Bessemer Venture Partners has closed its seventh fund with more than $1 billion in capital commitments. This includes $350 million earmarked for India, and the firm has added four members to its India team: Anil Sarin (former co-head of equities at Prudential ICICI Asset Management), Sridar Iyengar (former chairman and CEO of KPMG India), Mandeep Khaira (former senior executive of Dell India) and Yagnesh Sanghrajka (former global CFO for HTMT, a subsidiary of the Hinduja Group).