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Lightspeed looks to raise USD 300 Mn for third India fund

Mar 3, 2020 by The Passage Team
Lightspeed looks to raise USD 300 Mn for third India fund

Top Silicon Valley venture capital firm Lightspeed is on the road for its third India-focused fund, which is expected to mop up USD 250-300 million by the next quarter, according to three sources familiar with the development.

The new fund comes soon after the firm has been able to complete record exits from unicorns like Oyo and Byju’s in the previous year, delivering cash returns of over USD 900 million between the two deals.

While Lightspeed had started informing limited partners (LPs), who are investors in PE and VC funds, about the new India fund last year, it kicked off fund-raising a few months ago.

Source: Economic Times

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