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Lightspeed India raises $275 Million, to partner with bold founders building for India and from India for the world

Summary Headlines:

  • Lightspeed India Partners has raised its new fund Lightspeed India Partners III – with a dedication of $275 Million from international institutional LPs
  • Lightspeed India stays sharply targeted on early stage seed and Series A investments and can work with its founders by the lifecycle together with development stage and international community assist
  • Lightspeed India Partners Advisors is an expanded partnership of 6 companions working throughout sectors, classes and geographies

NEW DELHI–(BUSINESS WIRE)–August 18, 2020–

Lightspeed India Partners (“Lightspeed”) in the present day introduced the closing of Lightspeed India Partners III with $275 Million of dedicated capital. Lightspeed has invested over $750 Million in India since inception in India and with this fund, Lightspeed will proceed to companion and assist daring entrepreneurs constructing for tomorrow, proper from inception by development levels.

This press launch options multimedia. View the complete launch right here: https://www.businesswire.com/news/home/20200817005490/en/

Lightspeed India Partners (pictured left to right): Bejul Somaia, Akshay Bhushan, Harsha Kumar, Dev Khare, Vaibhav Agrawal, and Hemant Mohapatra. (Graphic: Business Wire)

Lightspeed India Partners (pictured left to proper): Bejul Somaia, Akshay Bhushan, Harsha Kumar, Dev Khare, Vaibhav Agrawal, and Hemant Mohapatra. (Graphic: Business Wire)

This 12 months started with a disaster like no different. It is all the time robust to start out an organization, it requires ardour & management – and in these instances, it requires extra braveness than ever earlier than. Lightspeed believes that is when the perfect entrepreneurs and corporations of the long run will emerge. Strong founders are using the tailwinds of India’s digital ecosystem development to construct out a brand new future and Lightspeed is strongly dedicated to backing these founders.

Over the final 13 years, Lightspeed has partnered with founders who’ve constructed market main positions, established new classes and in lots of circumstances, constructed from India for the world. Byju’s (EdTech), Indian Energy Exchange (Power Marketplace), Innovaccer (Healthcare SaaS), Oyo (Hospitality), Sharechat (Social Media), Udaan (B2B Commerce) and Yellow Messenger (Conversational AI) are highly effective examples of corporations the place Lightspeed has engaged deeply with founders, together with leveraging its international community, buyer partnerships, expertise acquisition and development capital.

Since its inception in India in 2007, Lightspeed has partnered with founders at early levels, as early as pre-product or pre-traction in lots of circumstances. More than 80% of its investments have been dedicated to corporations at seed or sequence A levels. Lightspeed will proceed to deal with early levels of innovation, and work with founders to assist them by their development lifecycle – together with the expansion capital pool of over $3 Billion raised just lately in its international funds.

With the Indian digital alternative accelerating, many extra sectors in B2B and B2C and classes are rising the place know-how is enabling new companies and fashions. Startups want extra broad-based operational engagement. Over the previous few years, Lightspeed has expanded Lightspeed India Advisors partnership to 6 companions, based mostly out of Delhi and Bengaluru. These companions are: Harsha Kumar, Vaibhav Agrawal, Akshay Bhushan, Hemant Mohapatra, Dev Khare and Bejul Somaia. Lightspeed has additionally broadened its portfolio service groups in areas like government recruiting, advertising and marketing and buyer introductions.

With this fund, as with every of its earlier funds, Lightspeed stays dedicated greater than ever, to its mission of partnering with daring entrepreneurs constructing distinctive corporations of tomorrow.

About Lightspeed

Lightspeed India Partners is a multi-stage enterprise capital agency targeted on accelerating disruptive improvements and traits within the Enterprise and Consumer sectors. Since 2007, Lightspeed India has backed entrepreneurs and helped construct corporations of tomorrow, together with OYO, Byju’s, Udaan and Sharechat.

Lightspeed Venture Partners and its associates at the moment handle greater than $10 Billion throughout the worldwide Lightspeed platform, with funding professionals and advisors in India, Silicon Valley, Israel, China, Southeast Asia and Europe.

Ankit Kumar
[email protected]

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