Lightspeed has raised $500 million for its India and Southeast Asia play, as a part of its bigger $7-billion fundraise, the corporate introduced on Tuesday.
This was Lightspeed India’s fourth fund and is devoted to early-stage startups. Alongside that, Lightspeed invests in growth-stage firms within the India and Southeast Asia area from its choose and alternative fund automobiles.
Lightspeed backs firms like Indian Energy Exchange, OYO, Byju’s, Grab, Acko, Razorpay, Udaan, Sharechat and Innovaccer.
The closing of this fund “reflects the firm’s deepening commitment to the India and Southeast Asia region, since our first India investment in 2007,” the corporate mentioned in a launch.
Lightspeed started investing in India about 10 years in the past and with the most recent elevate, its complete capital underneath administration crosses over $18 billion. The firm additionally introduced Lightspeed Faction, an unbiased group devoted to constructing on Lightspeed’s nine-year historical past of backing distinctive founders in blockchain infrastructure.
“We pride ourselves on being the first institutional capital behind our founders and having the patience, persistence and capital to help build companies from one employee to thousands, from day one to IPO,” mentioned Nicole Quinn, companion, Lightspeed. “We have our finger on the cultural pulse and go where the entrepreneur is – we meet the founders and innovators where they are making their mark.”
Source: www.financialexpress.com”