India, March 12 -- US-based venture capital firm Bessemer Venture Partners has closed its second India-focussed fund with a corpus of $350 Mn (INR 3,052.3 Cr) to support early stage startups.

The global VC firm is looking to invest in startups across sectors like AI-enabled services and SaaS, fintech, digital health, consumer brands and cybersecurity, Bessemer said.

Vishal Gupta and Anant Vidur Puri, partners at Bessemer's Bengaluru office, will be at the helm of the investment strategy and invest in the most promising entrepreneurs, the firm said.

"The fund was substantially oversubscribed, but we capped it at $350 Mn. Also, the limited partner base of the fund includes global universities, foundations, sovereign wealth funds, and a b...