NEW DELHI, 18th Aug 2020– Lightspeed India Partners closing of its third fund Lightspeed India Partners III with $275 Million of committed capital.
Lightspeed has invested over $750 Million in India since its inception in India and with this fund, Lightspeed will continue to partner and support bold entrepreneurs building for tomorrow, right from inception through growth stages.
This year began with a crisis like no other. It is always tough to start a company, it requires passion & leadership and in these times, it requires more courage than ever before.
Lightspeed believes this is when the best entrepreneurs and companies of the future will emerge. Strong founders are utilizing the tailwinds of India’s digital ecosystem growth to build out a new future and Lightspeed is strongly committed to backing these founders.
Over the last 13 years, Lightspeed has partnered with founders who have built market leading positions, established new categories and in many cases, built 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 powerful examples of companies where Lightspeed has engaged deeply with founders, including leveraging its global network, customer partnerships, talent acquisition, and growth capital.
Since its inception in India in 2007, Lightspeed has partnered with founders at early stages, as early as pre-product or pre-traction in many cases. 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.