Lightspeed targets $250M for new India fund focused on early-stage AI
The Silicon Valley venture firm is aligning its India fundraising cycle with its global funds for the first time, as it shifts to a shorter investment period.
Venture capital firm Lightspeed is targeting $250 million for a new fund dedicated to India, with a focus on early-stage artificial intelligence startups.
The Silicon Valley-based firm is aligning its India fundraising cycle with its global funds for the first time, a shift from its previous approach to raising capital for the region.
A shorter investment period
As part of the change, Lightspeed is also moving to a shorter investment period for the new fund, a structural adjustment that reflects the firm's broader strategy for deploying capital more rapidly.
The focus on early-stage AI startups points to continued investor interest in India's growing artificial intelligence sector, as venture firms look to back companies early in their development.
Further details on the fund's specific investment thesis or expected close date had not been disclosed.
Sources
EGazette summarizes reporting from multiple sources; follow the links for the originals.
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