VC firm Bertelsmann India to invest in up to four startups in next 12 mths

Average ticket size of these investments is expected to be $10 mn

Eyeing a return to pre-Covid investment levels, mid-stage venture capital firm Bertelsmann India Investments (BII) is targeting to make bets on two to four startups in the next 12 months with an average ticket size of $10 million.

“We will also do another 3-5 follow-on investments in our current portfolio next year,” said Pankaj Makkar, managing director, BII. While the VC fund did not make any new investments this year, it made 7-8 follow-on investments in its current pool of portfolio companies such as Shiprocket, Licious, and Lendingkart. 

The strategic investment arm of the German multinational conglomerate, Bertelsmann, focuses on Series B