New York-based Bessemer Venture Partners has promoted Vishal Gupta to director of its Mumbai-based investment team. The firm has also promoted Subramanya SV and Stephen Kraus to vice president in the Mumbai-based India practice and the Massachusetts healthcare practice based in respectively.
Gupta is now a member of the partnership and is responsible for both managing the team’s operations and making investments, the firm said. He joined Bessemer’s India operations in 2006 from the Reliance Group’s investment arm, where he invested in companies in the retail, media, healthcare and financial services sectors. Prior to that, he worked as a bond trader at SBI Mutual Funds.
Subramanya joined Bessemer’s India operations in 2007 as an associate. He previously held roles at accounting firm KPMG and Avendus Advisors, an Indian investment bank.
Kraus joined the firm on a full-time basis in 2008, but has been involved with the firm’s healthcare investments since 2004. He previously worked at Ironwood Equity Fund, a growth-stage private equity firm, and at global consulting major Bain & Company. He has contributed to Bessemer’s investments in Sirtris Pharmaceuticals, Aveo Pharmaceuticals, Cerulean Pharmaceuticals, Transave and Oaxagen among others.
Bessemer's India operations began in 2003 and it has since invested in more than 20 Indian companies, including the likes of financial services company Motilal Oswal; Shriram EPC, an engineering company; and OnMobile Global, a value added services company for mobile, landline and media service providers.
In July 2008, Bessemer Venture Partners formed an advisory group for India to assist its local team to search for and manage investment opportunities and work with some of its portfolio companies. The advisory group comprised of Sridar Iyengar, Rama Bijapurkar, Rajeev Chitrabhanu and MK Sharma.
Bessemer also has offices in China and Israel. The firm manages assets of more than $2 billion and has invested in more than 130 startups globally.