About Lightspeed
Lightspeed is a venture capital firm founded in 2008. It is primarily based out of Bengaluru, India. As of Aug 2026, Lightspeed is an active investor, having invested in 126 companies, with 4 new investments in the last 12 months. It primarily invests in Series A round in India based startups. Its investments are spread across a wide range of sectors from Enterprise Applications to High Tech and Consumer. Most recently it participated in the $***** Series A round of Centricity Overall, Lightspeed portfolio has seen 16 unicorns, 5 IPOs and 12 acquisitions including key companies like Grab, Physics Wallah and Razorpay. A lot of funds co-invest with Lightspeed, with names like Lightspeed Venture Partners sharing a substantial percentage of its portfolio. Lightspeed has team of 46 people including 24 partners.Key Metrics
Team Members
Portfolio Count
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 3 more
Portfolio IPOs
Portfolio Acquisitions
Deals in last 12 months
Lightspeed's List of Top Investments
Lightspeed has a portfolio of 126 companies, including 16 unicorns. Their most notable investments are in Pocket FM and Yellow.ai.Their portfolio spans across India, United States, Singapore and 7 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 32 other sectors, across stages such as Seed, Series A and 3 more. Here is the list of top investments by Lightspeed:1. Grab
Operator of a platform providing ride-hailing, food delivery, and payment services. The platform offers options for transportation, on-demand delivery, and various financial solutions. It facilitates connections between consumers, drivers, and merchants. The platform also provides tools and resources for business and enterprise clients.
Key facts about Grab
- Founded Year: 2012
- Location: Singapore (Singapore)
- Annual Revenue: SGD 1B+ as on Dec 31, 2025
- Stage: Public
- Total Funding till date: $10.4B
- Employee Count: 58,212 as on Sep 30, 2026
- Investors: Glean Management, Toyota and 109 Others
- Latest Funding Round: Post IPO, Jul 27, 2021, $*****
- Highlight: Public
Provider of live and recorded classes for academic and test preparation. They offer online courses and study materials for students in grades six through twelve. The platform also provides resources for preparing for engineering, medical, and government exams. Additionally, they offer test preparation and skill-enhancement courses.
Key facts about Physics Wallah
- Founded Year: 2020
- Location: Noida (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
- Stage: Public
- Total Funding till date: $275M
- Employee Count: 15,046 as on May 31, 2026
- Investors: WestBridge Capital, Hornbill Capital and 8 Others
- Latest Funding Round: Series B, Sep 20, 2024, $*****
- Highlight: Public
3. Razorpay
Provider of a comprehensive financial platform for businesses to accept, process, and disburse payments. The platform enables organizations to manage banking operations, automate payroll compliance, and access credit facilities through a unified interface. It supports various payment modes, including credit cards, debit cards, netbanking, and digital wallets, while offering tools for payment gateway integration, payout management, and current account services.
Key facts about Razorpay
- Founded Year: 2014
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $742M
- Employee Count: 2,850 as on May 31, 2026
- Investors: GIC, Salesforce Ventures and 35 Others
- Latest Funding Round: Series F, Dec 19, 2021, $*****
- Highlight: Editors' Pick
4. ACKO
Digital insurance platform offering car, bike, health, life, and travel insurance. Its platform enables customers to discover, compare, purchase, and manage insurance policies through digital channels, with features such as simplified pricing, rapid claims processing, cashless vehicle repairs, and 24/7 customer support. It also offers technology-enabled services such as vehicle insights, traffic fine payments, FASTag alerts, pollution certificate reminders, health emergency assistance, and policy analysis. Additionally, its digital automotive platform supports vehicle discovery, comparison, and online bookings.
Key facts about ACKO
- Founded Year: 2016
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2025
- Valuation: $*****
- Stage: Series E
- Total Funding till date: $661M
- Employee Count: 1,306 as on Aug 31, 2025
- Investors: Amazon, Multiples Alternate Asset Management and 60 Others
- Latest Funding Round: Series E, Jul 10, 2026, $*****
- Highlight: Editors' Pick
5. Zepto
Retailer of groceries fresh produce household items and personal care. It delivers groceries, fresh produce, personal care items, electronics, and more to customers in minutes through a network of dark stores. Customers select items through an application for fulfillment and delivery. The operation manages a supply chain to distribute consumer goods directly to households.
Key facts about Zepto
- Founded Year: 2021
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2026
- Valuation: $*****
- Stage: Series H
- Total Funding till date: $2.29B
- Employee Count: 47,173 as on May 31, 2026
- Investors: Glade Brook Capital, Nexus Venture Partners and 190 Others
- Latest Funding Round: Series H, Oct 16, 2025, $*****
- Highlight: Editors' Pick
Lightspeed's Year-on-Year Investment Trends
Lightspeed has invested in 126 companies over the last 14 years, with an average of 7 new investments annually in the last 10 years. In 2025, it made 7 investments, while as of Aug 2026, it has made 6 investments in this year. Its most recent first time investment was in Centricity and most recent follow-on round was in Mitti Labs.Year | No. of Investments | ||
|---|---|---|---|
1st Round | Follow-on | Total | |
2026 (YTD) | 4 | 2 | 6 |
2025 | 6 | 1 | 7 |
2024 | 6 | 4 | 10 |
2023 | 12 | 3 | 15 |
2022 | 6 | 12 | 18 |
2021 | 12 | 21 | 33 |
2020 | 9 | 7 | 16 |
2019 | 5 | 7 | 12 |
2018 | 3 | 4 | 7 |
2017 | 2 | 3 | 5 |
Lightspeed's Investments by Stage
Lightspeed has made 36 investments in Seed stage with an average round size of $4.48M, 27 investments in Series A stage with an average round size of $11.6M, 8 investments in Series B stage with an average round size of $37.5M, 1 investment in Series D stage with an average round size of $50M and 1 investment in Series F stage with an average round size of $665M.Stage of entry | No. of Investments |
|---|---|
Seed | 36 |
Series A | 27 |
Series B | 8 |
Series D | 1 |
Series F | 1 |
Note: We have considered here, only first round of investments
Lightspeed's Investments by Sector
Lightspeed has a diverse portfolio, with companies operating in the Enterprise Applications, Consumer, Retail, FinTech and High Tech. Notably, it has invested in 112 Tech companies, 83 Enterprise (B2B) companies, 66 Software companies and at least 51 companies focusing on Consumer (B2C).Sector | No. of Investments |
|---|---|
Enterprise Applications | 39 |
Consumer | 25 |
Retail | 18 |
FinTech | 13 |
High Tech | 12 |
Others | 70 |
Note: We have considered here, only first round of investments
Lightspeed's Investments by Geography
Lightspeed has made most investments in India (49), followed by United States where it has made 24 investments.Country | No. of Investments |
|---|---|
India | 49 |
United States | 24 |
Singapore | 2 |
Australia | 1 |
China | 1 |
Others | 2 |
Note: We have considered here, only first round of investments
Lightspeed's recent investments
Lightspeed has made 6 investments in 2026 so far. Centricity and Discovered Materials are the latest among them.Here are the most recent investments by Lightspeed:
Filter this listDate | Company | Location | Round Details | Round Amount | Co-Investors |
|---|---|---|---|---|---|
Aug 13, 2026 | India | Series A | 8690 | ||
Aug 10, 2026 | United States | Seed | 3673 | [+4] | |
Aug 05, 2026 | India | Series A | 8671 | [+3] | |
Jul 13, 2026 | India | Seed | 4256 | [+7] | |
Feb 23, 2026 | India | Series A | 3843 | [+4] |
Unicorns in Lightspeed's Portfolio
Lightspeed has 16 unicorns in its portfolio - Emergent, Sarvam, Supabase and others. The most recent unicorn in their portfolio is Emergent. It became a unicorn in 2026.Here is a list of unicorns in Lightspeed's portfolio:
Tracxn Score | Company | Short Description | Founded year | Sector | Location | Company Stage | First Investment/ Acquisition Details |
|---|---|---|---|---|---|---|---|
74 | Developer of platforms that build full-stack applications using AI | 2024 | San Francisco | Series C | zhajgpd | ||
76 | Developer of a full-stack generative AI platform designed to build sovereign AI ecosystems for enterprises and governments | 2023 | Bengaluru | Series B | {bjtb{a | ||
68 | Developer of relational database management tools and backend infrastructure services | 2020 | Singapore | Series F | jeovslt | ||
84 | Retailer of groceries fresh produce household items and personal care | 2021 | Bengaluru | Series H | on{illl | ||
77 | Retailer of personal audio and wearable products, plus mobile accessories | 2016 | Gurugram | Series C | hvfghag |
IPOs and Publicly Listed companies in Lightspeed's Portfolio
5 of Lightspeed's portfolio companies have become public. Zetwerk got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE), in Oct 2026 at marketcap of $2.69B and Physics Wallah got listed on the Bombay Stock Exchange (BSE), National Stock Exchange (NSE) at marketcap of $3.56B.Here are Lightspeed's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 23, 2026 | Nov 21, 2019 | Series B | 9573 | |
Nov 18, 2025 | - | - | 3120 | |
Nov 07, 2023 | - | - | 2359 | |
Dec 01, 2021 | - | - | 1716 | |
Apr 15, 2019 | - | - | 2520 |
Acquired companies in Lightspeed's Portfolio
12 companies from Lightspeed's portfolio have been acquired. The most recent acquisition was Zluri in Oct 2026 by Info-Tech Research Group for $*****.Here are Lightspeed's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 14, 2026 | Jul 11, 2023 | Series B | 6825 | |
Sep 09, 2026 | - | - | 9023 | |
Jul 03, 2026 | - | - | 1029 | |
Jun 01, 2026 | Aug 08, 2023 | Seed | 1772 | |
May 15, 2026 | Mar 26, 2019 | Series A | 3926 |
Team profile of Lightspeed
Lightspeed has a team of 46 members including 24 Partners, 1 Venture Partner and 9 Principals located in India, United States and 4 more locations. Lightspeed's team sits on the board of 11 companies.Here is a list of top team members in Lightspeed:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | ThoughtSpot, Lightspeed Venture Partners and 4 more | ||
Partner | Bengaluru | |||
Partner | Washington | |||
Partner | Menlo Park | - | ||
Partner | Israel | - | ||
Partner | Menlo Park | - | ||
Partner | Bengaluru | - | ||
Partner | Bengaluru | - | ||
Partner | - | - | ||
Partner | Gurugram | - | ||
Partner | London | - |
Co-investors of Lightspeed
Over the past 14 years, 1207 investors have co-invested in Lightspeed's portfolio companies. This includes funds and angels.
- Invested before Lightspeed: Lightspeed Venture Partners, Kunal Bahl and 327 others have invested in rounds before Lightspeed. There are 9 companies where Lightspeed Venture Partners has invested before Lightspeed and 5 companies where Kunal Bahl has invested before Lightspeed.
- Top Co-investors of Lightspeed: 253 investors entered a company along with Lightspeed. These include investors like Lightspeed Venture Partners (16 companies).
- Invested after Lightspeed: A total of 625 investors have invested in Lightspeed's portfolio after their investments. Top Investors include Lightspeed Venture Partners (16 companies), Tiger Global Management (8 companies) and Trifecta Capital (7 companies).
Recent News related to Lightspeed
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Centricity has raised INR 280 Cr in a Series A funding round led by SMBC Asia Rising FundEnablers•Aug 17, 2026•RAAY Global Investments, Lightspeed, SMBC Asia Rising Fund, Centricity and 3 others
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Discovered Materials Secures $9 Million Seed Funding Led by Lightspeed India PartnersEnablers•Aug 11, 2026•Lightspeed
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Fixxly raises $5.5M Seed funding for quick commerce building materials startupIncubees•Aug 03, 2026•Lightspeed, Fireside Ventures, Accel, Fixxly
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SuperLiving Raises $7M Series A Funding Led by Lightspeed to Scale AI-Powered Wellness PlatformThe SaaS News•Jun 26, 2026•Super Living, Lightspeed Venture Partners, All In Capital, Kae Capital and 4 others
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Triomics Secures $22 Million in Series B Funding for AI Cancer PlatformStartup Log•May 28, 2026•Triomics, Battery Ventures, Lightspeed, Y Combinator
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Trackk Secures Rs 30 Crore Funding Led by Lightspeed India and Info Edge VenturesEntrackr•May 18, 2026•Trackk, Lightspeed, Info Edge Ventures, Lightspeed Venture Partners and 3 others
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IPO-bound Zetwerk in talks to raise $20-30 million from family offices, HNIsMoneycontrol•Feb 07, 2025•Zetwerk, Avenir Growth Capital, Khosla Ventures, Peak XV Partners and 1 other
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Bengaluru’s Stable Money Secures $15 Million in Series A FundingSocial Media Dissect•Jul 23, 2024•Stable Money, RTP Capital, Lightspeed, Matrix Partners and 8 others
