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Pankaj Mitra brings a rich background in investing and product development, having previously led investments at Cisco and Infosys’ $500 mn innovation fund.
VC firm Bessemer Venture Partners has announced the appointment of Pankaj Mitra as a partner in its India team to focus on investments in enterprise tech, AI, and cybersecurity.
The appointment comes after the VC firm closed its second India-focused fund at $350 million in March. The fund is aimed at backing early-stage startups across the AI, software-as-a-service (SaaS), fintech, digital health, consumer brand, and cybersecurity sectors.
Mitra joins Bessemer from Cisco’s corporate development team, where he led investments and M&A activity for its Customer Experiences portfolio. His past investments include Fiddler, Uniphore and Whatfix, among others.
“I am thrilled to join Bessemer at this pivotal time. The ongoing AI platform shift offers a once in a generation opportunity for builders to usher in the next wave of tech evolution across industries. With its stellar track record, Bessemer is poised to partner with this new generation of ambitious, world-class founders in India,” Mitra commented after his appointment.
Moreover, Mitra was also part of the founding team of Infosys’ $500 million innovation fund, where he led investments in companies like Ideaforge and Whoop. He also holds an MBA from UC Berkeley Haas School of Business.
Earlier in his career, Mitra also helped launch VMware’s first cloud services as a product manager and a management consultant at Deloitte.
Bessemer has been active in India for the past two decades. The firm’s portfolio includes Mediassist, Perfios, Swiggy, and Urban Company, among others.
Bessemer has over $18 billion in assets under management.
Commenting on the appointment, Vishal Gupta, Partner, said “We are delighted to welcome Pankaj to the Bessemer family. Pankaj brings a breadth of experience which is a unique blend of investing prowess as well as deep industry knowledge. This will be invaluable as we look to deepen our commitments in AI, enterprise-tech, and cybersecurity in India.”
With Inputs from BL Intern Rohan Das
Published on June 4, 2025
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