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Lightspeed's new India fund signals a strategic pivot toward early-stage AI startups, leveraging its existing portfolio in sovereign models and large language model developers like Sarvam AI. By aligning regional capital with global fundraising cycles, the firm aims to capitalize on AI as the primary growth engine for India's startup ecosystem rather than treating it as an ancillary sector. This move underscores a broader industry trend where venture capital is increasingly concentrated on foundational AI technologies and their local applications.

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

TechCrunchSeptember 25, 20264 min read

The venture firm is aligning its India fundraising cycle with its global funds for the first time, as it shifts to a shorter investment period.

Lightspeed is sharpening its India strategy around AI, targeting $250 million for a new early-stage fund as the venture firm bets the technology will drive the next wave of startups in one of the world’s largest markets. The Silicon Valley venture firm is already a major investor in AI companies including Anthropic, xAI, and Databricks. In India, it has backed Sarvam AI, one of the country’s leading large language model developers and a…

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