Lightspeed said to seek $300m for third India-focused VC fund

Lightspeed said to seek $300m for third India-focused VC fund

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Silicon Valley venture capital firm Lightspeed is in the process of raising its third India-focused fund, which is likely to be in the range of $250-300 million.

According to a report in the Times of India, Lightspeed started informing potential limited partners (LPs) and kicked off fundraising for the new vehicle a few months ago. The firm has attracted much investor attention recently, given its growing portfolio and exits last year.

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