Thread by @KunalTalgeri

@BessemerVP has deployed less than $800 million in India before its latest $220 million India fund, announced yesterday.
Its portfolio has @pharmeasyapp, Matrimony.com, Swiggy & LivSpace. A quick 🧵of quotes from this interview with @avpuri by @AmishaA90947916 (1/6)

https://twitter.com/YourStoryCo/status/1465889306283847682

"Out of the 35-odd deals we have done in the past five or six years, we probably had competition in five of them. Out of those five, we would have been the preferred partner for four — and we lost in one deal." (2/6)

"We know what it means to raise a seed round like we did with PharmEasy, and also file for its IPO. So, we have seen the whole journey." (3/6)

"It’s hard to say what is exuberance and what is not. The fact of the matter is there is a lot of capital going into the Indian private and public market." (4/6)

"The first generation (of India's internet users) was largely male, English-speaking, and lived in tier-1 cities. The new generation of consumers in India comprises a lot of female consumers. ... (5/6)

"More than 300 million female users have come online in the past three or four years. There are a lot more vernacular consumers who don't speak English and live in Tier-2 and Tier-3 cities." (6/6)