Lightspeed India raises $275 Million for third India fund

Lightspeed India is focused on early-stage seed and Series A investments and with this fund of $275 million, it is committed to partnering with bold entrepreneurs building exceptional companies of the future.

Lightspeed India Partners announced the third India fund with $275 Million of committed capital. Lightspeed has invested over $750 Million in India since it’s inception in the country and with this fund, Lightspeed will continue to partner and support bold entrepreneurs building for tomorrow, right from inception through growth stages.

Amid the crisis due to the pandemic, Lightspeed believes that this an opportunity for the best entrepreneurs and companies of the future to emerge.

Over the last 13 years, Lightspeed has partnered with founders who have built market-leading positions, established new categories, and in many cases, built from India for the world.

Byju’s, Indian Energy Exchange, Innovaccer (Healthcare SaaS), Oyo, Sharechat, Udaan, and Yellow Messenger are prominent examples of companies where Lightspeed has engaged deeply with the founders, leveraging its global network, customer partnerships, talent acquisition and growth capital.

Since its inception in 2007, Lightspeed has partnered with founders at early stages, as early as pre-product or pre-traction and more than 80% of its investments have been committed to firms at the seed or series A-stages.

Lightspeed will continue to focus on early stages of innovation and work with founders to support them through their growth lifecycle including the growth capital pool of over $3 Billion raised recently in its global funds.

With the Indian digital opportunity accelerating and many more sectors in B2B and B2C and categories are emerging, the company has expanded Lightspeed India Advisors partnership to Harsha Kumar, Vaibhav Agrawal, Akshay Bhushan, Hemant Mohapatra, Dev Khare and Bejul Somaia based out of Delhi and Bengaluru.

Lightspeed has also broadened its portfolio service teams in areas like executive recruiting, marketing, and customer introductions. With this fund, Lightspeed is committed to its mission of partnering with bold entrepreneurs building exceptional companies of the future.