Lightspeed India Raises $275 Mn Fund III For Early Stage Startups

Venture capital firm Lightspeed Venture Partners’s Indian unit, Lightspeed India Partners, has raised its Fund III with a commitment of $275 Mn from global institutional limited partners.

Lightspeed focusses on direct and cross-border businesses, generally investing $1 to $25 Mn in growth or early-stage startups seeking to disrupt or transform large markets in the domestic economy.

Lightspeed India Partners’ portfolio includes some imminent startups such as edtech giant BYJU’S, energy marketplace Indian Energy Exchange, healthcare SaaS Innovaccer, hotel and hospitality company OYO, social media platform Sharechat, B2B commerce Udaan, conversational AI Yellow Messenger, digital ledger startup OkCredit, software maker Setu, hyperlocal discovery platform Magicpin, among others.

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