New Delhi, Oct. 9 -- US venture capital firm Andreessen Horowitz, better known as a16z, is setting up an office in India's Silicon Valley of Bengaluru, multiple people familiar with the move told Mint.

Its San Francisco-based general partner Anish Acharya is leading hiring for India.

The idea is to scout for early-stage deals in the AI-focused and SaaS firms being built out of India that are servicing global clients, said a person with knowledge of the firm's plans.

"They will most likely begin with not more than two people who will help build the deal pipeline here," another person in the know said. The firm began its search for talent six months ago in April and has not yet hired any professional headhunting firm to help in India.

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