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.

Advertisement. Scroll to continue reading.

– 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.

Advertisement. Scroll to continue reading.

– 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

Advertisement. Scroll to continue reading.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.



The Delhi High Court should quash the government's order to block Tanul Thakur's website in light of the Shreya Singhal verdict by the Supreme...


Releasing the policy is akin to putting the proverbial 'cart before the horse'.


The industry's growth is being weighed down by taxation and legal uncertainty.


Due to the scale of regulatory and technical challenges, transparency reporting under the IT Rules has gotten off to a rocky start.


Here are possible reasons why Indians are not generating significant IAP revenues despite our download share crossing 30%.

You May Also Like


Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...


135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...


Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...


By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

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

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Your email address:*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ