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Bessemer Raises $1B with Eye on India

Bessemer Venture Partners announced it has raised more than $1 billion in closing Bessemer Venture Partners VII. The Larchmont, N.Y.-based firm says that the oversubscribed fund includes $350 million that is earmarked for investments in India. Bessemer opened its offices in India three years ago and has invested in 12 Indian companies to date. www.bvp.com