WestBridge Capital announced that on September 29, 2015 it accepted an additional $575 million in new capital subscriptions for the WestBridge Crossover Fund, LLC thereby bringing the Firm’s total capital to over $2 billion.
The new WestBridge fund has been backed by large global family offices and endowment and sovereign funds.
MUMBAI: WestBridge Capital, having spun off from the blue chip Silicon Valley venture capital fund Sequoia Capital three years ago, has raised an additional $325 million from its global investors to be ploughed into Indian companies.
WestBridge Capital Partners expects to continue its aggressive investment pace after adding another $325 million to its public markets focused fund.
WestBridge Capital Partners, which raised its debut fund back during the dot com boom days in 2000, was one of the first independent venture capital firms to take root in India and survive the crash.