The business capital company Andreessen Horowitz (A16Z) has pushed back to local media reports that suggest that it is planning to open an office in India, with a general affiliate calling “completely false news”.
Earlier Thursday, Indian media media referenced That the A16Z was preparing to create a natural presence in the country, creating an office in Bangalore. Reports, which reported anonymous sources, also said the operation was in the process of hiring a local partner.
However, Anish Acharya, a Bay Area -based associate at the A16Z, who has spent the last six years with the business, has rejected the reports. “As long as I love India and the many impressive founders+investors in the region. That’s completely false!” he I wrote In X.
When he came into contact, an A16Z spokesman confirmed Acharya’s statement and referred to his position.
Denial comes as A16Z seems to escalate behind some of its international ambitions. Earlier this year, the company decided to close its office in London – which opened in 2023 after the UK government report five years Trying to win the electricity production operation, according to the exit sifted. The closure came just 18 months after the A16Z that installed the store, with the business citing strategy shift and the most favorable regulatory developments at home. However, the company said it will continue to invest internationally through remote groups and local networks. Reports later showed that many of its detectors were active throughout Europe.
So far, India is not a major emphasis on the A16Z – unlike other US business businesses, such as Accel, General Catalyst and Lightspeed Venture Partners, which have made deep market invasions. The company’s only remarkable bet in India was Crypto Exchange Coinswitch, which supported the company’s $ 260 million in 2021.
During the months that followed, the A16Z reported that it is seeking to invest about $ 500 million in Indian newly established companies, although it has not made significant investments in the country since then.
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As has previously noted TechCrunch, the co -founder of the A16Z and General Associate Marc Andreessen gave a speech to the Stanford Graduate School of Business many years ago, saying that while it is “extremely enticing” to support new businesses in emerging markets, it is also difficult for a business capital. Venture Capital is a “very practical process of understanding people you work with both for the company’s evaluation[ing] With the company, “he said at the moment.
