Silicon Valley-based Norwest Venture Partners — an investor in Uber , Spotify and Swiggy — raised $2 billion last week, its largest corpus so far.

Edited excerpts:Why are venture firms raising larger growth-stage corpus?

When we do growth equity cheques, we typically invest anywhere between $50 million and $100 million.

Most of our investments are at Series A,B,C stages, and we also sometimes participate after that to keep our pro-rata rights.

We're seeing it being done here in the US by other firms and by other investment funds in India too. | To read full story, visit https://startuparound.com/read/1574047907.5188637/Valuations-set-for-a-correction-in-2020,-says-Norwest’s-Haque?ref=audio_experience