Norwest, a venture capital and growth equity firm with an office in Mumbai, closed Norwest 18, a US$4 billion fund to invest in technology, healthcare, and consumer companies across the US, India, and Israel.

The firm said the fund is its largest yet and will back startups and more established businesses.

Norwest’s India portfolio includes business-to-business (B2B) commerce platform OfBusiness and food delivery company Swiggy.

Norwest 18 follows Norwest 17, which launched in April 2024.

Since then, Norwest said it has made more than 87 investments and helped more than 30 portfolio companies reach liquidity events, including Swiggy’s public listing.

The close comes amid private-market commentary about large funds getting bigger.

🔗 Source: YourStory