Lightspeed targets $250M for early-stage Indian AI startups
TL;DR
- On 24 September TechCrunch reported, from a letter to investors, that Lightspeed is raising Lightspeed India Partners V with a $250 million target.
- 80% is committed, investing starts within two months, and the fund will back early-stage AI companies in India and Southeast Asia.
- It is half the $500 million 2022 fund, sized to a shorter investment period of about two and a half years.
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