"Earlier on Thursday, Indian media outlets reported that a16z was preparing to establish a physical presence in the country by setting up an office in Bengaluru. The reports, which cited unnamed sources, also said the firm was in the process of hiring a local partner. However, Anish Acharya, a Bay Area-based general partner at a16z who has spent the last six years with the firm, dismissed the reports."
"Earlier this year, the firm decided to shut down its London office - which opened in 2023 after the U.K. government reportedly spent five years trying to woo the powerhouse firm, according to the outlet Sifted. The closure came just 18 months after a16z set up shop, with the firm citing a shift in strategy and more favorable regulatory developments back home."
Indian media reported that a16z planned to open a Bengaluru office and hire a local partner, citing unnamed sources. Anish Acharya, a Bay Area general partner at a16z, publicly denied the reports, calling them entirely fake news, and an a16z spokesperson confirmed the denial. The firm has scaled back some international efforts, closing its London office 18 months after opening and citing a strategy shift and favorable U.S. regulatory developments. The firm said it will continue to invest internationally through remote teams and local networks. India has not been a major focus for a16z; its most notable Indian bet was CoinSwitch in 2021.
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