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.