Lightspeed India Partners

Lightspeed India Partners is the dedicated India and Southeast Asia franchise of the global Lightspeed Venture Partners platform. It raises separate India-focused funds and operates with an independent investment committee based in Bengaluru, while sharing the brand, back-office infrastructure, and LP relationships of the broader Lightspeed organization. The structure grants local partners full check-writing authority without requiring Menlo Park approval.

The firm invests from seed to growth, with a primary emphasis on early-stage rounds including seed, Series A, and Series B. It typically reserves capital for follow-on investments within its highest-conviction portfolio companies. The mandate includes direct equity, convertible notes, and selective secondary positions.

Investment decisions are made by the Bengaluru-based partnership. The founding team includes Bejul Somaia and Vaibhav Agrawal, and the senior partnership was expanded with the promotion of Dev Khare to Partner in May 2024. The India partnership operates with independent investment discretion, separate from Lightspeed's US consumer practice and its Israel and China teams.

The firm's disclosed areas of focus include enterprise software, fintech, consumer internet, and edtech. Portfolio names have included Indian fintech infrastructure company YAP, B2B marketplace Udaan, logistics platform BlackBuck, and social commerce startup ShareChat. The team has also been active in Indian edtech through positions such as Byju's.

No. The firm does not publicly disclose its India-specific assets under management. Its fund sizes are not reported by the firm, and no verifiable AUM figure is available from primary sources.