Private Equity

Fund News

Lightspeed raises $500-M to invest in startups in India, Southeast Asia

Press Release   Economic Times  

Silicon Valley-headquartered venture capital firm Lightspeed Venture Partners has closed Lightspeed India IV (LSIP Fund IV), its largest fund dedicated to India and Southeast Asia, at USD 500 million. The fund will cut cheques of USD 500,000 to USD 15 million and focus on seed to Series B investments, with growth capital coming from its global vehicles. Over the past 5 years, Lightspeed India's presence has expanded to 28 professionals across four locations (Bengaluru, Delhi, Mumbai and Singapore), representing one of the largest venture advisory teams in the region. Bejul Somaia, Partner, Lightspeed, who set up the fund's India franchise in 2007, has been promoted to the global leadership team and will serve on various investment committees.