Seed to growth fund research profile
Lightspeed India Partners invests from seed through growth across enterprise software, consumer technology, fintech and frontier technology. Its India platform combines dedicated regional vehicles with access to global Lightspeed capital.
At a glance
Research profile
Open a section to inspect the evidence. The first view starts with the investment point of view; the rest stays quiet until you need it.
Investment lens
Lightspeed (India) uses a seed to growth approach across SaaS, consumer, fintech, AI.
Current evidence
Lightspeed’s current India portfolio records companies backed since 2025–2026, including Whizzo, Bridgetown, Zolve, Bachatt, Andera and Doctronic, alongside established India positions such as Physics Wallah, Acko, Pixxel and Qure.ai.
Strategy
Seed to growth
Sector focus
SaaS, consumer, fintech, AI
AIF structure context
Indian venture capital and angel-fund strategies are commonly structured as Category I AIFs. Verify the specific vehicle and registration before investing.
Current signal
Lightspeed’s current India portfolio records companies backed since 2025–2026, including Whizzo, Bridgetown, Zolve, Bachatt, Andera and Doctronic, alongside established India positions such as Physics Wallah, Acko, Pixxel and Qure.ai.
Investor questions
Lightspeed (India) is covered in Rupeia's venture capital research universe. The current public record describes the strategy as Seed to growth, with a sector focus of SaaS, consumer, fintech, AI. The profile should be read with the linked source trail and Typical route: Category I AIF context.
The profile displays only company or asset names attributable to Lightspeed (India) in the reviewed public sources: OYO, Udaan, Razorpay, Darwinbox, Physics Wallah, ShareChat, Zetwerk, Acko, Pixxel, Qure.ai, Whizzo, Bridgetown, Zolve. It does not represent a complete current portfolio unless the manager has published one.
The public record includes a $500M India and Southeast Asia Fund IV, a reported profitable Innovaccer exit and a complete Physics Wallah exit in 2026. These are vehicle- or deal-level signals, not an audited India-wide fund return. These signals are not a substitute for fund- and vintage-specific net performance, realised distributions and audited or administrator-supported reporting.
Public fund size: $500M Lightspeed India Partners IV closed in 2022; reporting says earlier India vehicles included $275M Fund III, $180M Fund II and $135M Fund I allocations.. Public terms or access information: Seed through growth investing across India and Southeast Asia; the manager has described support from seed through later rounds. India-specific cheque sizes are not disclosed.. Current fees, minimum commitment and availability must be confirmed for the exact named vehicle in its fund documents.
The current source record names Bejul Somaia, Dev Khare, Hemant Mohapatra. Verify current roles, departures, attribution and key-person provisions before relying on the team history for a new commitment.
Review stage concentration, follow-on reserves, company failure rates, dilution, exit timing and the gap between paper valuations and realised distributions. The current open diligence point is: India Fund V timing; AI-tilt allocation.
2026: Lightspeed’s current India portfolio records companies backed since 2025–2026, including Whizzo, Bridgetown, Zolve, Bachatt, Andera and Doctronic, alongside established India positions such as Physics Wallah, Acko, Pixxel and Qure.ai.
Next step
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