WestBridge Capital: The $7.3B Evergreen Fund That Plays the Decade Game

WestBridge Capital is one of the oldest names in Indian investing — founded in 2000 by Sumir Chadha, K.P. Balaraj, Sandeep Singhal and S.K. Jain, merged with Sequoia in 2006 for its India entry, and revived in 2011 by the same four founders. Today it manages $7.3 billion (as of December 2025, per its own site) through an evergreen fund — with a 5-to-25-year investment horizon, it never has to sell a winner just because the fund clock ran out.

Thesis and sectors. WestBridge's tagline is "where conviction meets enduring partnership" — it backs builders "from Series A to long-term" across both private and public markets, often as the largest institutional partner. Its current AI focus areas are Vertical AI Systems (industry-specific intelligence platforms), AI-Native Infra (reinvented data, compute and networking layers) and Agentic AI (autonomous enterprise systems). Historically the firm has ranged across consumer tech, fintech and SaaS, and it is now betting on India's mass-market digital opportunity — affordable commerce and mobility for 1.5 billion people.

Fund size and cheque size. The firm runs a perpetual evergreen structure with total fund size of $7.3B and has made 150+ investments over 20+ years. Investments range from $10 million to $500 million: early-stage cheques of $5–10 million, growth-stage investments typically $50–70 million, and late-stage deals spanning $100–300 million, with occasional outliers above $500 million. In 2022 it raised a $1.5 billion crossover pool — its largest-ever India fund — to invest in consumer tech, SaaS and fintech.

Notable portfolio. The portfolio reads like a who's-who of Indian tech winners: Meesho, Rapido (unicorn), Innovaccer (healthtech SaaS), LeadSquared (marketing automation), Turing (AI-matched developer talent cloud), PhysicsWallah (first invested in 2022, led its $102M Series A), LEAD Group, Vedantu, Goldcast, Keka, Credgenics, Skit.ai, SupportLogic, Yellow.ai and Phenom People. Off-beat bets include WoodenStreet ($30M), IndiQube ($30M Series B), Truemeds ($22M) and a 15% stake in Edelweiss Asset Management for ₹450 crore. Marquee exits: GlobalLogic (acquired by Hitachi for $9.6B), a ₹2,600 crore block-deal exit from Aptus Value Housing, and a 2x return on its $200M Zscaler investment.

Partners. Sandeep Singhal (co-founder & managing partner, Bengaluru), Sumir Chadha (co-founder & managing partner, Silicon Valley — ex co-founder of Sequoia Capital India), K.P. Balaraj and S.K. Jain as founding partners; Deepak Ramineedi leads fintech investments, with Rishit Desai on the investment team.

Programs, credits and perks. WestBridge isn't a program-driven VC — its value-add is deep market expertise, its global network and patient capital. The firm pitches its evergreen structure itself as the perk: "We don't have a compulsion or urgency to sell," Singhal has said. Portfolio founders get access to one of India's most seasoned investing teams, together for over two decades.

How founders can approach them. WestBridge invests from Series A onward but is most at home in growth rounds. The team is founder-driven and conviction-led — they back companies they can hold for a decade. Reach out through westbridgecap.com; a reference through one of its 150+ portfolio founders carries real weight.