News Summary

Venture capital firm Andreessen Horowitz (a16z) has denied reports that it plans to open an office in India. Anish Acharya, a general partner at a16z, dismissed the claims as ‘entirely fake news.’ The reports had suggested that a16z was setting up a physical presence in Bengaluru and hiring a local partner. A16z has not made any major investments in India since its participation in crypto exchange CoinSwitch’s $260 million funding round in 2021, although it was reportedly seeking to invest $500 million in Indian startups. The firm has been scaling back its international ambitions, having shut down its London office earlier this year.