Lightspeed targets $250M for new India fund, focusing on early-stage AI
The venture firm is aligning its India fundraising cycle with its global funds for the first time, as it shifts to a shorter investment period.
TL;DR
- Lightspeed is raising a new $250 million early-stage fund for India, with a primary focus on AI startups.
- The fund, Lightspeed India Partners V, has already secured 80% of its target and will begin investing within two months.
- This marks the first time Lightspeed's India funds will follow the same fundraising cycle as its global funds.
- The firm anticipates AI will generate more value in India than the internet has, targeting AI companies in India and Southeast Asia.
- Lightspeed has a history of investing in AI companies globally and has backed Sarvam AI in India.