Lightspeed targets $250M India AI fund, aligns with global cycle
TechCrunch1 min read100 words
Lightspeed, the Silicon Valley venture firm, has announced that it is targeting $250 million for a new fund in India that will concentrate on early‑stage artificial‑intelligence companies. The initiative marks the firm’s first effort to raise capital for an Indian vehicle that is directly tied to its broader global fundraising activities.
In launching the India fund, Lightspeed is aligning its fundraising cycle with its worldwide funds for the first time and is moving to a shorter investment period for the new vehicle. Lightspeed is aligning its India fundraising cycle with its global funds and shifting to a shorter investment period.
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