Venture capital firm Lightspeed Venture Partners has raised $135 million for an India dedicated fund, reports the Techportal. The firm will use the funds to invest in around 20 to 25 early-stage startups, mostly through a seed round. The company will also invest in Series B stages of various startups. Lightspeed did not disclose the names of the investors. The VC firm, which has been increasingly focusing on India, has invested in a few startups this year already. Some of the recent investments made by Lightspeed include: - Earlier today, OneAssist, a startup that helps users protect their wallets, credit cards and smartphones in case of loss or theft, raised $7.72 million in a round of funding from Assurant Inc and existing investors Lightspeed Venture Partners and Sequoia Capital. The platform had previously raised raised $3.5 million fromSequoia Capital and Lightspeed Venture Partners in June 2012. - Earlier this month, OYO Rooms raised $100 million in funding led by SoftBank group and participation from existing investors Greenoaks Capital, Sequoia Capital and Lightspeed India. In March 2014, Oravel had raised funding from DSG Consumer Partners, apart from Lightspeed Venture Partners. - In March, Gurgaon-based LimeRoad, an online shopping platform for women’s fashion and home furnishings, raised Series C funding worth Rs 185 crore led by Tiger Global, with participation from Matrix Partners and Lightspeed Ventures. The company had raised a Series B funding of $15 million in May last year and a Series A funding of $5 million in 2012 from…
