11.8 C
New York
Friday, November 27, 2020
Home Trends Lightspeed India raises $275M, will focus on startups of the future

Lightspeed India raises $275M, will focus on startups of the future

Lightspeed India Partners has closed the Lightspeed India Partners III fund with $275 million of committed capital. As a fund, it has invested more than $750 million in India and supports startups through the growth stages.

Talking about the current pandemic and the impact on the economy, Lightspeed said this was a time for startups of the future.

Lightspeed is one the early investors in India’s digital ecosystem. Globally, it has invested $10 billion in startups. It has also bet on startups from India for the world, including Byju’s (edtech), Indian Energy Exchange (power marketplace), Innovaccer (healthcare SaaS), OYO (hospitality), Sharechat (social media), Udaan (B2B commerce), and Yellow Messenger (conversational AI).

Lightspeed engages deeply with founders, leveraging its global network, customer partnerships, talent acquisition, and growth capital.

It will continue to focus on early stages of innovation, and work with founders to support them through their growth lifecycle – working with a growth capital pool of over $3 billion raised recently in its global funds.

Lightspeed has expanded Lightspeed India Advisors partnership to six partners, based out of Delhi and Bengaluru. These partners areHarsha Kumar, Vaibhav Agrawal, Akshay Bhushan, Hemant Mohapatra, Dev Khare, and Bejul Somaia.

Lightspeed has also broadened its portfolio service teams in areas like executive recruiting, marketing, and customer introductions.

Source: Yourstory


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.

- Advertisment -

Most Popular

Delhi Chalo march: Punjab farmers face water cannons, push through Haryana barricades

Farmers from Punjab faced water cannons and broke police barriers at the state's border with Haryana as they pushed towards the national capital Thursday...

Is 2020 The Worst Year Ever? | Here’s What Historians Explain

The year 2020 began with a massive terrible bushfire in Australia that literally killed or displaced 300 crore animals. Later we had the COVID-19...

Democracy was tested this year, people up to the task: Biden

US President-elect Joe Biden has said democracy was tested this year when coronavirus hit and the people of the country showed that they were...

Trade unions in TN extend support to nationwide strike

Members of various trade unions in Tamil Nadu on Thursday took part in the nationwide strike to protest against the central government's new farm...

Recent Comments

%d bloggers like this: