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Bessemer Venture Partners (BVP) is betting on artificial intelligence (AI) to rattle India’s vast $264-billion IT services industry, long the bastion of billable hours. The early-stage venture capital fund plans to ramp up investments in AI-first startups over the next few quarters.
Nithin Kaimal, partner and chief operating officer, BVP, said the fund will focus on seed-to-early-stage AI-first companies led by founders with deep domain expertise. “The AI-enabled services and software sector is unique and nascent. We can enter the space starting…
