Lightspeed India Partners Closes Third Fund, at $275M

 Lightspeed India Partners
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 closed its third fund, at $275M.

Since its inception in India in 2007, Lightspeed has invested over $750M and now, with Lightspeed India Partners III, they will continue to partner with and support entrepreneurs building their companies, right from inception through growth stages, leveraging their global network, customer partnerships, talent acquisition and growth capital.

Over the last 13 years, the firm has partnered with founders who have built market leading positions, established new categories and in many cases, built from India for the world. Examples include Byju’s (EdTech), Indian Energy Exchange (Power Marketplace), Innovaccer (Healthcare SaaS), Oyo (Hospitality), Sharechat (Social Media), Udaan (B2B Commerce) and Yellow Messenger (Conversational AI).

More than 80% of its investments have been committed to firms at 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.

Over the last few years, the firm has expanded Lightspeed India Advisors partnership to six partners, based out of Delhi and Bengaluru. These partners are: Harsha Kumar, Vaibhav Agrawal, Akshay Bhushan, Hemant Mohapatra, Dev Khare and Bejul Somaia. They have also broadened the portfolio service teams in areas like executive recruiting, marketing and customer introductions.



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