![]() ![]() In 2023, it has backed Zyod, BlueLearn, and Stable Money. Article According to two people familiar with the matter, Lightspeed India Partners is looking to raise more than 500 million for its fourth fund, as one of the most successful venture funds in the world’s second largest internet market looks to double down on early-stage bets and expand its focus to Southeast Asia. The Silicon Valley-headquartered venture capital firm, which has backed startups such as Oyo, Udaan, Sharechat, and Byju’s, has increased the size of its fourth India fund substantially from its previous corpus of $275 million in 2020. Lightspeed Venture Partners had raised its largest fund dedicated to India and Southeast Asia at $500 million in July last year. It also leverages platforms such as LinkedIn and Instagram to attract new customers in different markets. Over the next few months, the startup is looking to expand to the top 25 markets. com/news/home/20200817005490/en/Lightspeed-India-raises-275-Million-partner-bold/. OfficeBanao currently has customers in more than 15 cities, including in some of the untapped tier II cities of the country. By expediting the fulfilment of design requirements and streamlining operations, the platform also ensures a seamless experience for service providers. OfficeBanao plans to deploy the funds to expand its headcount from the current 110 to 250-300 people by the end of the year, the company said in a press release.įounded in January 2022 by Tushar Mittal, Akshya Kumar, and Divyanshu Sharma, the Gurugram-headquartered startup brings architects, contractors, designers, material suppliers and even office furniture providers together under one umbrella, streamlining the process for clients.Īdditionally, OfficeBanao is using newer technology to advance the interior design process for workspaces. The fund typically seeks to make investments in the size range of 2 million to 25 million. The fund targets information technology and TMT industries. The fund is located in New Delhi, India and invests in India. Lightspeed has also broadened its portfolio service teams in areas like. The startup was all bootstrapped until now. Lightspeed India Partners I is a 2015 vintage venture capital early stage fund managed by Lightspeed India Partners. These partners are: Harsha Kumar, Vaibhav Agrawal, Akshay Bhushan, Hemant Mohapatra, Dev Khare and Bejul Somaia. Workspace interiors platform OfficeBanao has raised $6 million in its seed round led by Lightspeed India Venture Partners. ![]()
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