July 13

Lightspeed Raises $500 Million for Its New India and Southeast Asia Fund

By Manish Singh

Lightspeed has raised $500 million for its newest India and Southeast Asia fund, its largest for the regions, as it looks to make deeper investments in the South Asian market that is increasingly attracting global investors.

The fund, fourth for Lightspeed India, was hard-capped at $500 million, meaning the firm didn’t want to raise additional capital, said the firm, which unveiled its $275 million third India fund in 2020.

The Tuesday announcement confirms TechCrunch’s April report, which said Lightspeed had initiated fundraising deliberations for the new India and Southeast Asia fund and was aiming to raise about $500 million.

Photo courtesy of ILO Asia-Pacific.

Source: TechCrunch (link opens in a new window)

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