Lightspeed raises $275 million in funds for India
Lightspeed India Partners on Tuesday announced it has closed $275 Mn from LPs for its third fund as the top American venture firm looks to ramp up its investments in the world’s second-largest internet market.
Baring PE Asia betting $133 Mn on RBL Bank; Gaja to return, CDC topping up
Baring Private Equity Asia will become the biggest shareholder of India’s mid-sized private-sector lender RBL Bank by picking up a 9.45% stake in the latest fundraising cycle worth $210 Mn
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Market Pulse
- Bengaluru-based tech VC fund Chiratae Ventures has raised $10 Mn from UK-based CDC Group
- Bengaluru-based Indian short-form video app Mitron has raised $5 Mn from Nexus Venture Partners
- Bengaluru-based private earth imaging startup Pixxel has raised $5 Mn in seed funding from Blume Ventures, growX Ventures, and Lightspeed Ventures
- Bengaluru-based water purifier startup DrinkPrime had raised $3 Mn in pre-Series A round of funding from Sequoia Capital and Omidyar Network India
- Bengaluru-based education startup Masai School has raised $2 Mn in Pre-Series A round of funding from Unitus Ventures, India
- Quotient and AngelList India
- Bengaluru-based freshwater fish and seafood supply chain platform Captain Fresh has raised $2 Mn in pre-Series A round of funding from Ankur Capital, Incubate Fund India, and angel investors