Lightspeed targets $250M for new India fund focused on early-stage AI

Lightspeed is raising $250 million for Lightspeed India Partners V, half the size of its $500 million 2022 predecessor. The new fund is dedicated entirely to AI startups across India and Southeast Asia, with investing set to begin within two months.

• Fund target is $250M, half the size of the previous $500M vehicle
• Investing starts within two months over a roughly 2.5-year period
• Lightspeed has backed Sarvam AI, Anthropic, xAI and Databricks
• India funds move onto the same fundraising cycle as global funds