 "Lightspeed India raises $500 million for India and Southeast Asia")
VC firm Lightspeed on Tuesday announced that it raised $500 million for India and Southeast Asia as the firm deepens its commitment in the region.
This is part of the $7 billion that the fund house has raised.
Lightspeed joins the list of a few fund houses that have raised funds in a slowing cycle for fund raise.
The fourth fund from Lightspeed, which has been investing in India since 2007, was hard-capped at $500 million.
Hard capped means company did not want to raise additional capital.
This is also one of the largest fund dedicated to India and Southeast Asia.
Over the past 5 years, the firm's presence has expanded to 28 professionals across four locations, representing one of the largest venture advisory teams in the region.
One subscription. Two world-class reads.
Already subscribed? Log in
Subscribe to read the full story →Subscribe to Business Standard digital and get complimentary access to The New York Times
Quarterly Starter
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
Save 46%
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Access to Exclusive Premium Stories Online
Over 30 behind the paywall stories daily, handpicked by our editors for subscribers
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%