Lightspeed India Partners (LSIP) announced on Tuesday the closing of a US$500 million early stage fund (LSIP Fund IV) for India and Southeast Asia, as part of venture capital firm Lightspeed Venture Partners’ (LSVP) US$7.1 billion commitment.

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Fast facts

  • In addition to the LSIP Fund IV, the US$1.98 billion Lightspeed Venture Partners XIV-A/B, L.P. (Fund XIV), US$2.26 billion Lightspeed Venture Partners Select V, L.P (Select Fund V) and the US$2.36 billion Lightspeed Opportunity Fund II, L.P. (Opportunity Fund II) make up a quartet of US$7.1 billion in funds.
  • The firm’s first investment in India was in 2007 and over the past five years, its presence has expanded to 28 professionals across three Indian cities — Bengaluru, Delhi, Mumbai — and Singapore, representing one of the largest venture advisory teams in the region.
  • Lightspeed has been a partner to a number of category leaders in India including Indian Energy Exchange, OYO, Byju’s, Grab, Acko, Razorpay, Udaan, ShareChat and Innovaccer, the company said.
  • LSVP has been an investor in the blockchain and crypto industry, with firms such as FTX and Alchemy in its portfolio.
  • The venture capitalist also announced on Tuesday the launch of Lightspeed Faction, a team dedicated to the blockchain and cryptocurrency ecosystem. 

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