Norwest Venture Partners is ramping up its presence in India, planning to invest $250 million to $300 million each year from its new $4 billion fund.
The focus? Fast-growing areas like manufacturing, healthcare, AI, and deep tech.
Niren Shah, managing director and head of India at Norwest, says Norwest is "very bullish on India" and "continues to believe strongly in its prospects for the foreseeable future."
Norwest's managed capital reaches $18B
This latest move bumps Norwest's total managed capital to $18 billion, its biggest fund yet.
The firm is shifting more attention toward value-added manufacturing and has already backed AI companies like Pascal AI.
It is also helping local startups gear up for IPOs, showing just how much faith it has in India's booming tech scene.