Lightspeed raises $7 bn, keeps $500 mn for India and SE Asian startups

The global $7-bn fund-raise brings its total capital under management to over $18 bn

Lightspeed Venture Partners on Tuesday announced a global fund raise of more than $7 billion that includes a $500 million early-stage fund for the startups in the India and South East Asia markets.

The early-stage investor said that the closing of $500 million 'Lightspeed India IV' fund reflects its deepening commitment to the India and South East Asia region, since its first India investment in 2007 that includes Indian Energy Exchange, Oyo, BYJU's, Grab, Acko, Razorpay, Udaan, Sharechat and Innovaccer, among others

"We believe in investing at the earliest stages of innovation, partnering with generational entrepreneurs who have clarity of vision, an