Sources: 
Bessemer Venture Partners (BVP) is making a significant push into India's burgeoning artificial intelligence (AI) and enterprise technology sectors by appointing Pankaj Mitra as a partner focused on these areas.
Mitra, who previously led corporate development and investment activities at Cisco, brings extensive experience to BVP's India business. His appointment signals the firm's confidence in India's potential to produce startups that can compete on a global scale.
"We think there's enormous potential for founders and companies that are being built out of India to address these sectors, both here as well as globally," a BVP representative said.
This move aligns with a broader trend of venture capital firms targeting India’s tech ecosystem, especially in AI, enterprise tech, and cybersecurity, sectors that are rapidly evolving and attracting global attention.
BVP's strategy reflects a belief that Indian startups are uniquely positioned to innovate and lead in these fields, leveraging local talent and market dynamics to create solutions with worldwide impact.
With Mitra's leadership, BVP aims to deepen its investments and support for Indian entrepreneurs, potentially accelerating the growth of AI-driven enterprises that could become global leaders.
“Prior to joining the US-based investment company, Pankaj Mitra worked at digital communications tech conglomerate Cisco, where he led the company's corporate development team, leading investments and M&A activity for its global customer experiences portfolio as well as for India,” underscoring his expertise in scaling technology ventures.
BVP’s commitment to India highlights the country’s rising stature as a hub for cutting-edge technology innovation and venture capital interest.
Sources: Bessemer Venture Partners has appointed Pankaj Mitra to lead its India-focused investments in AI, enterprise tech, and cybersecurity, betting on local startups to become global leaders. Mitra, formerly of Cisco, aims to capitalize on India's growing potential in these sectors.
