Lightspeed raises its first biggest fund for Indian start-ups

Lightspeed India Partners announced that it has closed $275M from LPs for its third fund in India. This new fund is its biggest for the country and will enable the firm to make early-stage bets on more than two dozen start-ups in the region. The American venture firm made two high-profile partial exits in the past year from Oyo and BYJU’S. Till now, Lightspeed has invested $750M in India. The Indian arm typically invests in the early stages of the start-up.

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