Private Equity Liquidity Events
Lightspeed India exits healthtech co. Innovaccer with 30% IRR
Source Mint (opens in a new tab)
Lightspeed India has completely exited its investment in Innovaccer , a Noida-based healthcare artificial intelligence company, with an internal rate of return (IRR) of over 30%. The exit was concluded earlier this year.
Company website ↗ (opens in a new tab)
Between Aug 2016 and Jan 2025, Innovaccer had attracted about USD 651 M from Lightspeed Ventures, B Capital Group, M12, Dragoneer Investment Group, Mubadala Investment, OMERS Ventures, Steadview Capital, Tiger Global, WestBridge and Others.For FY24, Innovaccer had reported about INR 351 Cr in Operating Income and about INR 33 Cr in PAT.