Lightspeed targets $250M for new India fund, focusing on early-stage AI
The Silicon Valley firm is aligning its India fundraising cycle with its global funds for the first time, as it shifts to a shorter investment period.
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A major venture capital firm is raising $250 million for a new early-stage investment fund focused specifically on AI startups in India and Southeast Asia. The firm has already secured 80% of the target amount and plans to begin investing within two months. India has not yet produced a major frontier AI model developer globally and has attracted far less AI investment than the U.S. and China, but investors increasingly see opportunity in AI applications given the country's large software developer workforce and history in technology services.
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