Bertelsmann raises $500 million to invest in Indian startups

Oluwajuwonlo Afolabi -

The venture capital investment arm of Bertelsmann SE & Co. KGaA, Bertelsmann India Investments (BII), has raised $500 million to invest in Series A-D tech-driven Indian startups.

  • The fund is targeted for investments in early-stage deals in India-based startups.
  • The investment fund focuses on enterprises including agritech, healthtech, edtech, adtech, and fintech among others.
  • BII has invested over $1.06 billion in more than 250 companies and funds since its launch.
  • Its current portfolio includes Pepperfry, AgroStar, Shiprocket, Eruditus, Licious, Bijak, and others.