Norwest Closes $4B Fund, Its Largest Ever, And Sharpens India Focus On Manufacturing

Global investor Norwest has closed Norwest 18, a $4 billion fund that is the largest in its 65-year history, taking its total capital under management to $18 billion. The firm invests across the US, India and Israel, and says India is a key market, with a growing focus on manufacturing, healthcare, financial services and consumer businesses, alongside AI and deep tech.

In India, Norwest has backed 41 companies, including Swiggy, Amagi Media Labs and aerospace manufacturer JJG Aero, and says it manages about $2.5 billion in assets in the country. Its India head, Niren Shah, says the firm is evaluating six to eight companies for fresh investments, including three in advanced manufacturing across aerospace, flow control, instrumentation and precision engineering.

#Norwest #VentureCapital #IndiaInvesting #Startup77