About Lightbox
Lightbox is a venture capital firm founded in 2014. It is primarily based out of Mumbai, India. As of Mar 2026, Lightbox has invested in 35 companies. It primarily invests in Series A round in India based startups. Its investments are spread across a wide range of sectors from Retail to Consumer and Food and Agriculture Tech. Most recently it participated in the $***** Series A round of Amaha Overall, Lightbox portfolio has seen 3 unicorns, 4 IPOs and 4 acquisitions including key companies like Lenskart, Truecaller and Rebel Foods. A lot of funds co-invest with Lightbox, with names like Alteria Capital sharing a substantial percentage of its portfolio. Lightbox has team of 14 people including 4 partners.Key Metrics
Team Members
Rounds of Entry
Series A, Series B & 4 more
Portfolio IPOs
Portfolio Acquisitions
Portfolio Unicorns
Lightbox's List of Top Investments
Lightbox has a portfolio of 35 companies, including 3 unicorns. Their most notable investments are in Flintobox and Zeno Health.Their portfolio spans across India, Sweden and United States. They have invested in Retail, Consumer, Food and Agriculture Tech and 20 other sectors, across stages such as Series A, Series B and 4 more. Here is the list of top investments by Lightbox:
1. Lenskart
Online eyewear retailer offering a range of eyeglasses, sunglasses, and contact lenses for sale. It is an eyewear company offering a wide range of eyeglasses, sunglasses, and contact lenses through its e-commerce platform and physical stores. The company utilizes technology-driven features such as 3D try-on and prescription services to enhance customer experience.
Key facts about Lenskart
- Founded Year: 2008
- Location: Gurugram (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
- Stage: Public
- Total Funding till date: $1.04B
- Employee Count: 18,984 as on Apr 30, 2026
- Investors: ADIA, Fidelity Investments and 56 Others
- Latest Funding Round: Series I, Jul 21, 2023, $*****
- Highlight: Public
2. GIVA
Retailer of fine jewellery including silver, gold, and lab-grown diamond pieces. The company offers a diverse range of accessories such as rings, pendants, bracelets, earrings, necklaces, and chains. It provides collections crafted from sterling silver, gold, and demi-fine materials, catering to various occasions and personal styles. The product range includes options for men, women, and children, featuring designs that incorporate gemstones, pearls, and various metal finishes.
Key facts about GIVA
- Founded Year: 2019
- Location: Bengaluru (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series C
- Total Funding till date: $154M
- Employee Count: 3,246 as on May 31, 2026
- Investors: Premji Invest, Sixth Sense Ventures and 83 Others
- Latest Funding Round: Angel, May 25, 2026, $*****
- Highlight: Editors' Pick
3. Furlenco
Online platform for renting and buying designer furniture. Offers furniture rental through monthly subscription plans with options to upgrade, swap, or buy back items. Provides complete home furnishing packages including living rooms, bedrooms, dining rooms, and appliances. Delivers, installs, and maintains furniture with flexibility for short-term or long-term use.
Key facts about Furlenco
- Founded Year: 2012
- Location: Bengaluru (India)
- Annual Revenue: ₹100 - ₹500 Cr as on Mar 31, 2026
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $146M
- Employee Count: 290 as on Aug 31, 2025
- Investors: White Oak, Crescent Enterprises and 118 Others
- Latest Funding Round: Series D, Nov 17, 2025, $*****
- Highlight: Editors' Pick
4. Truecaller
App-based platform providing caller ID and spam call-blocking services. It helps users to identify, filter, and block unknown numbers, spam callers, and telemarketers. It helps to record calls, backup call history, contacts, and messages to drive, and auto-block SMS from specific countries, or those with similar digit sequences. Users can also track bills and transactional updates. It has community-based spam reporting service. The app is available across the web, Android, and iOS platforms.
Key facts about Truecaller
- Founded Year: 2009
- Location: Stockholm (Sweden)
- Annual Revenue: $100M - $500M as on Dec 31, 2024
- Stage: Public
- Total Funding till date: $96.8M
- Employee Count: 592 as on Sep 30, 2026
- Investors: Inbox Capital, Atomico and 19 Others
- Latest Funding Round: Series C, Oct 10, 2018, $*****
- Highlight: Public
5. Rebel Foods
Operator of internet restaurants offering various cuisines through multiple brands. The business uses an operating system to build and scale brands. It identifies consumer food patterns to create brands that answer specific food missions. The company offers various options, including biryani, desserts, wraps, and bowls.
Key facts about Rebel Foods
- Founded Year: 2010
- Location: Mumbai (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
- Valuation: $*****
- Stage: Series G
- Total Funding till date: $659M
- Employee Count: 6,040 as on Aug 31, 2025
- Investors: Goldman Sachs, Evolvence Equity Partners and 53 Others
- Latest Funding Round: Venture Debt, Sep 17, 2025, $*****
- Highlight: Editors' Pick
Lightbox's Year-on-Year Investment Trends
Lightbox has invested in 35 companies over the last 12 years, with an average of 2 new investments annually in the last 10 years. In 2025, it made 1 investment, while as of Mar 2026, it has made 1 investment in this year. Its most recent first time investment was in Rooter and most recent follow-on round was in Amaha.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 0 | 1 | 1 |
2025 | 0 | 1 | 1 |
2024 | 0 | 2 | 2 |
2023 | 0 | 8 | 8 |
2022 | 2 | 8 | 10 |
2021 | 1 | 8 | 9 |
2020 | 3 | 4 | 7 |
2019 | 8 | 7 | 15 |
2018 | 1 | 5 | 6 |
2017 | 1 | 5 | 6 |
Lightbox's Investments by Stage
Lightbox has made 13 investments in Series A stage with an average round size of $10.2M, 6 investments in Series B stage with an average round size of $11.5M and 3 investments in Series C stage with an average round size of $25.6M.Stage of entry | No. of Investments |
|---|---|
Series A | 13 |
Series B | 6 |
Series C | 3 |
Seed | 2 |
Series D | 1 |
Others | 1 |
Note: We have considered here, only first round of investments
Lightbox's Investments by Sector
Lightbox has a diverse portfolio, with companies operating in the Consumer, Retail, Enterprise Applications, Food and Agriculture Tech and EdTech. Notably, it has invested in 30 Tech companies, 27 Consumer (B2C) companies, 11 Enterprise (B2B) companies and at least 8 companies focusing on Software.Sector | No. of Investments |
|---|---|
Consumer | 17 |
Retail | 11 |
Enterprise Applications | 5 |
Food and Agriculture Tech | 4 |
EdTech | 3 |
Others | 25 |
Note: We have considered here, only first round of investments
Lightbox's Investments by Geography
Lightbox has made most investments in India (26).Lightbox's recent investments
Lightbox has made 1 investments in 2026 so far - Amaha.Here are the most recent investments by Lightbox:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Mar 05, 2026 | India | Series A | 4100 | [+2] | |
May 28, 2025 | India | Series B | 1483 | ||
Jun 20, 2024 | India | Series E | 1464 | ||
Feb 27, 2024 | India | Series C | 7609 | ||
Nov 24, 2023 | India | Series B | 9018 | [+2] |
Unicorns in Lightbox's Portfolio
Lightbox has 3 unicorns in its portfolio - Rebel Foods, Droom and InMobi. The most recent unicorn in their portfolio is Rebel Foods. It became a unicorn in 2021, 6 years after Lightbox first invested in it.Here is a list of unicorns in Lightbox's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
79 | Operator of internet restaurants offering various cuisines through multiple brands | 2010 | Mumbai | Series G | vdzcdys | ||
72 | Online retailer of used and new automobiles, plus related services | 2014 | Gurugram | Series G | {toqnfy | ||
72 | Provider of advertising solutions and platforms for brand building and growth | 2007 | Bengaluru | Series D | caxnzmm |
IPOs and Publicly Listed companies in Lightbox's Portfolio
4 of Lightbox's portfolio companies have become public. Lenskart got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Nov 2025 at marketcap of $7.86B and MapmyIndia got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE) at marketcap of $727M.Here are Lightbox's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Nov 10, 2025 | - | - | 8211 | |
Dec 21, 2021 | - | - | 9210 | |
Oct 08, 2021 | - | - | 4113 | |
Nov 21, 2006 | - | - | 9366 |
Acquired companies in Lightbox's Portfolio
4 companies from Lightbox's portfolio have been acquired. The most recent acquisition was Cleartrip in Apr 2021 by Flipkart for $*****.Here are Lightbox's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Apr 14, 2021 | - | - | 9507 | |
Sep 06, 2019 | - | - | 8165 | |
Jun 01, 2018 | Aug 29, 2014 | Series B | 4305 | |
Apr 09, 2018 | Feb 13, 2014 | Series A | 3682 |
Team profile of Lightbox
Lightbox has a team of 14 members including 4 Partners and 2 Principals located in India. Lightbox's team sits on the board of 3 companies.Here is a list of top team members in Lightbox:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | Mumbai | |||
Partner | India | - | ||
Partner | Thane | - | ||
Partner | Mumbai | - | - | |
Principal | Mumbai | - | ||
Principal | Mumbai | - |
Co-investors of Lightbox
Over the past 12 years, 855 investors have co-invested in Lightbox's portfolio companies. This includes funds and angels.
- Invested before Lightbox: Sherpalo Ventures, Kunal Shah and 330 others have invested in rounds before Lightbox. There are 5 companies where Sherpalo Ventures has invested before Lightbox and 4 companies where Kunal Shah has invested before Lightbox.
- Top Co-investors of Lightbox: 36 investors entered a company along with Lightbox. These include investors like Alteria Capital (5 companies).
- Invested after Lightbox: A total of 487 investors have invested in Lightbox's portfolio after their investments. Top Investors include Alteria Capital (7 companies), Trifecta Capital (5 companies) and Innoven Capital (5 companies).
Recent News related to Lightbox
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Amaha Secures INR 50 Cr in Series A Funding RoundEnablers•Mar 31, 2026•Amaha, Fireside Ventures, Lightbox
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VC firm Lightbox considers $100-mn continuation fund to back mature startupsMint•Jul 22, 2024•Lightbox
