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Lightspeed Bets Big on AI in India
25 Sep
Summary
- Lightspeed targets $250 million for a new early-stage fund focused on AI.
- The venture firm is already a major investor in global AI companies.
- The new fund will invest in AI companies across India and Southeast Asia.
Lightspeed is sharpening its India strategy with a new $250 million early-stage fund, heavily targeting artificial intelligence. This new vehicle, Lightspeed India Partners V, is half the size of its predecessor and aims to capitalize on AI's potential to create more value in India than the internet did.
The venture firm, already a notable investor in global AI leaders like Anthropic and xAI, is doubling down on AI startups. In India, Lightspeed has backed Sarvam AI, a key developer of large language models. The new fund will focus on AI companies within India and Southeast Asia.
This strategic shift aligns Lightspeed's India operations with its global fundraising cycles for the first time. The firm manages over $65 billion globally and has previously invested significantly in the Indian market across various sectors like quick commerce and software.
