wordpress blog stats
Connect with us

Hi, what are you looking for?

Lightspeed secures $135M to invest in Indian startups

Funds stock photo

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 the same investors.

– In April, Mobile app Phone Warrior raised around $450k in a round of pre-series A funding from existing investor Lightspeed Venture Partners. Phone Warrior had previously raised $550k from the same investor in December 2013, bringing the total amount raised to $1 million.

– The same month, online marketplace for Indian products CraftsVilla raised Series B funding worth $18 million led by Sequoia Capital and participation from Global Founders Capital as well as existing investors Nexus Venture Partners and Lightspeed Venture Partners. In July 2012, Craftsvilla had raised $1.5 million Series A funding from Lightspeed Venture Partners and Nexus Venture Partners.

– In April again, LocalOye raised $5 million in a Series A round of funding from Lightspeed Venture Partners and Tiger Global Management.

Other VCs that have raised capital:

– Last month, seed-stage fund AngelPrime raised Rs 300 crore from The Social+Capital Partnership and several institutional investors from Silicon Valley, New York, Hong Kong, Europe and Singapore. The firm also rebranded itself as Prime Venture Partners.

– In March, Venture capital firm SAIF Partners raised $350 million for a new India-focused fund from 27 investors. The firm mentioned then that it would use the funds to invest in technology focused startups.

– Mayfield Fund closed its second India-dedicated fund at $108 million in February.

– Sequoia Capital added another $210 million to its existing $530 million-India fund in April

– In March again, Accel Partners, the venture capital firm that backed the Flipkart, launched a $305 million India-focused fund to capitalise on favourable conditions for start-ups.

Image credit: Flickr user GotCredit

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

News

Paytm has hived off its payment gateway business into a separate entity, Paytm Payments Gateway Service Pvt Ltd, and has infused ₹100 crore worth...

News

Restaurant aggregator and food delivery company Zomato has raised US$660 million (over ₹4,850 crore), taking its valuation to ₹3.9 billion. CEO Deepinder Goyal tweeted...

News

Info Edge Venture Fund has raised ₹375 crore from MacRitchie Investments, a subsidiary of Temasek Holdings, according to a stock exchange filing. The venture...

News

By Pallav Pradyumn Narang One of India’s most notable and successful angel investors Sanjeev Bikhchandani has come out vociferously against the trend of Indian...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to Daily Newsletter

    © 2008-2018 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ