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PRINT THIS PAGE WestBridge Capital Partners closes second India venture capital fund on $200m31/08/2005. Source: AltAssets. 
 Mauritius-based WestBridge Capital Partners has closed its second fund, WestBridge Ventures II, with $200m in commitments. WestBridge will continue to focus on companies that target both domestic and export markets across a variety of sectors.
Sumir Chadha, WestBridge co-founder and senior managing director, said, 'We are pleased to announce a very successful close to our fundraising efforts for WestBridge Ventures II.'
'The fund was highly oversubscribed with strong interest both from existing investors in Fund I as well as many top-tier US endowments and foundations. WestBridge is the largest and most active VC investor in India with a strong presence and team in Bangalore and Silicon Valley, and we look to strengthen our market position going forward,' Chadha continued.
KP Balaraj, WestBridge co-founder and managing director, added, 'We are seeing a significant number of high quality investment opportunities in India across domestic services, outsourcing and technology, and we expect to maintain or increase our investment pace of four to five new investments every year. We have built the leading VC franchise in India over the past five years, and are very proud of our partnerships with the management teams that we have backed and the limited partners who have actively supported our efforts here.'
WestBridge Capital Partners currently manages a portfolio of 16 companies across India domestic services, IT and outsourcing.
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