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 78 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 11 unicorns, 1 IPO and 8 acquisitions including key companies like Razorpay, Innovaccer and Zepto. 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 41 people including 21 partners.Key Metrics
Team Members
Portfolio Sectors
Portfolio Locations
Rounds of Entry
Seed, Series A & 4 more
Portfolio IPOs
Portfolio Acquisitions
Deals in last 12 months
Lightspeed's List of Top Investments
Lightspeed has a portfolio of 78 companies, including 11 unicorns. Their most notable investments are in Rephrase.ai and Yellow.ai.Their portfolio spans across India, United States, Singapore and 4 more locations. They have invested in Enterprise Applications, High Tech, Consumer and 24 other sectors, across stages such as Seed, Series A and 4 more. Here is the list of top investments by Lightspeed:1. Razorpay
Provider of payment and business banking solutions for enterprises. The company offers tools for payment acceptance, automated payroll, and business banking. Solutions include payment gateways, current accounts, and corporate credit cards. It also provides developer resources such as API documentation and integration tools.
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: 3,028 as on Aug 31, 2025
- Investors: GIC, TCV and 35 Others
- Latest Funding Round: Series F, Dec 19, 2021, $*****
- Highlight: Editors' Pick
2. Magicpin
Provider of a platform providing deals, discounts, and rewards across multiple categories. The platform connects consumers with various businesses, including restaurants, fashion outlets, and pharmacies. It facilitates promotions for both online and offline retailers. The platform aims to attract audiences based on spending patterns and other demographics.
Key facts about Magicpin
- Founded Year: 2015
- Location: Gurugram (India)
- Annual Revenue: ₹500 - ₹1,000 Cr as on Mar 31, 2024
- Valuation: $*****
- Stage: Series D
- Total Funding till date: $106M
- Employee Count: 575 as on Aug 31, 2025
- Investors: Samsung Venture Investment, Trifecta Capital and 32 Others
- Latest Funding Round: Venture Debt, Apr 09, 2026, $*****
- Highlight: Editors' Pick
3. Solana
Developer of enterprise infrastructure for issuing assets and digital payments. This platform provides application programming interfaces and tools for tokenization, payment orchestration, and financial transaction settlement. It supports the creation of stablecoins and real-world assets, enabling institutions to facilitate cross-border money transfers and compliant on-chain financial operations. The technology stack includes resources for building decentralized applications, managing network data, and integrating automated agent workflows for various commercial use cases.
Key facts about Solana
- Founded Year: 2010
- Location: San Francisco (United States)
- Stage: Series C
- Total Funding till date: $374M
- Employee Count: 252 as on Mar 31, 2026
- Investors: World Capital Holdings Group, RAA Capital and 95 Others
- Latest Funding Round: Series C, Jun 09, 2021, $*****
- Highlight: Editors' Pick
4. Innovaccer
Developer of healthcare data platforms and artificial intelligence agent software. This technology unifies clinical, operational, and financial information from disparate systems to support decision-making. The platform provides tools for population health management, revenue cycle automation, and quality performance tracking. It enables the deployment of automated assistants to streamline administrative workflows, manage patient outreach, and facilitate care coordination across various healthcare settings. The system integrates non-electronic health record data to improve documentation accuracy and support value-based care initiatives.
Key facts about Innovaccer
- Founded Year: 2014
- Location: San Francisco (United States)
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $675M
- Employee Count: 1,167 as on May 31, 2026
- Investors: WestBridge Capital, Dragoneer Investment Group and 36 Others
- Latest Funding Round: Series F, Jan 09, 2025, $*****
- Highlight: Editors' Pick
5. BYJU'S
Provider of online and offline academic tutoring for school students. This organization delivers educational instruction for primary and secondary grade levels. It offers preparation courses for competitive entrance examinations. The curriculum includes subjects such as mathematics, physics, chemistry, and biology. Instruction is delivered through digital platforms and physical learning centers. The service model incorporates video lessons, interactive assessments, and structured learning paths to facilitate subject mastery.
Key facts about BYJU'S
- Founded Year: 2011
- Location: Bengaluru (India)
- Annual Revenue: ₹1,000+ Cr as on Mar 31, 2022
- Valuation: $*****
- Stage: Series F
- Total Funding till date: $4.6B
- Employee Count: 19,204 as on Jun 30, 2026
- Investors: ADS Ventures, Silver Lake and 130 Others
- Latest Funding Round: Conventional Debt, May 12, 2023, $*****
Lightspeed's Year-on-Year Investment Trends
Lightspeed has invested in 78 companies over the last 16 years, with an average of 7 new investments annually in the last 10 years. In 2025, it made 6 investments, while as of Aug 2026, it has made 3 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) | 2 | 1 | 3 |
2025 | 6 | 0 | 6 |
2024 | 7 | 4 | 11 |
2023 | 11 | 3 | 14 |
2022 | 6 | 12 | 18 |
2021 | 12 | 21 | 33 |
2020 | 10 | 7 | 17 |
2019 | 5 | 7 | 12 |
2018 | 3 | 4 | 7 |
2017 | 2 | 3 | 5 |
Lightspeed's Investments by Stage
Lightspeed has made 35 investments in Seed stage with an average round size of $4.33M, 27 investments in Series A stage with an average round size of $9.42M and 8 investments in Series B stage with an average round size of $37.5M.Stage of entry | No. of Investments |
|---|---|
Seed | 35 |
Series A | 27 |
Series B | 8 |
Conventional Debt | 1 |
Series D | 1 |
Others | 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 Vertical SaaS. Notably, it has invested in 72 Tech companies, 58 Enterprise (B2B) companies, 44 Software companies and at least 35 companies focusing on Saas.Sector | No. of Investments |
|---|---|
Enterprise Applications | 40 |
Consumer | 24 |
Retail | 18 |
FinTech | 13 |
Vertical SaaS | 13 |
Others | 70 |
Note: We have considered here, only first round of investments
Lightspeed's Investments by Geography
Lightspeed has made most investments in India (51), followed by United States where it has made 22 investments.Country | No. of Investments |
|---|---|
India | 51 |
United States | 22 |
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 3 investments in 2026 so far. Centricity and Mitti Labs 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 | 4506 | ||
Aug 05, 2026 | India | Series A | 2316 | [+3] | |
Jul 13, 2026 | India | Seed | 9760 | [+7] | |
Oct 01, 2025 | India | Series A | 4014 | [+7] | |
Aug 29, 2025 | - | Seed | 9697 | [+1] |
Unicorns in Lightspeed's Portfolio
Lightspeed has 11 unicorns in its portfolio - Supabase, Zepto, Darwinbox and others. The most recent unicorn in their portfolio is Supabase. It became a unicorn in 2025, 3 years after Lightspeed first invested in it.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 |
|---|---|---|---|---|---|---|---|
67 | Developer of relational database management tools and backend infrastructure services | 2020 | Singapore | Series F | etmpkhv | ||
78 | Retailer of groceries fresh produce household items and personal care | 2021 | Bengaluru | Series H | qeolaxr | ||
75 | Developer of human capital management software with AI capabilities | 2015 | San Francisco | Series D | yieww{j | ||
69 | Platform offering builder and scaler of direct-to-consumer brands | 2021 | Delhi | Series B | bzypgeo | ||
76 | Provider of AI‑powered professional networking and job search platform | 2019 | Bengaluru | Series C | gh{{vzl |
IPOs and Publicly Listed companies in Lightspeed's Portfolio
1 of Lightspeed's portfolio company became public - Indian Energy Exchange. It got listed on the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), in Oct 2017 at marketcap of $769MHere are Lightspeed's portfolio companies that went public:
Company | IPO Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Oct 23, 2017 | Dec 30, 2010 | Series A | 2602 |
Acquired companies in Lightspeed's Portfolio
8 companies from Lightspeed's portfolio have been acquired. The most recent acquisition was Portkey in Jun 2026 by Palo Alto Networks for $*****.Here are Lightspeed's portfolio companies that got acquired most recently:
Company | Acquisition Date | First Invested on | First Round of Investment | Round Size |
|---|---|---|---|---|
Jun 01, 2026 | Aug 08, 2023 | Seed | 8080 | |
May 15, 2026 | Mar 26, 2019 | Series A | 1856 | |
Sep 16, 2025 | Oct 26, 2020 | Seed | 1931 | |
Nov 22, 2023 | Sep 25, 2020 | Seed | 5239 | |
Oct 17, 2022 | Oct 23, 2012 | Series A | 4384 |
Team profile of Lightspeed
Lightspeed has a team of 41 members including 21 Partners, 1 Venture Partner and 9 Principals located in India, United States and 4 more locations. Lightspeed's team sits on the board of 10 companies.Here is a list of top team members in Lightspeed:
Name | Designation | Location | Board Memberships | Contact Details |
|---|---|---|---|---|
Partner | San Francisco | Yellow.ai, ThoughtSpot and 4 more | ||
Partner | Bengaluru | |||
Partner | United States | |||
Partner | Menlo Park | - | ||
Partner | Israel | - | ||
Partner | Menlo Park | - | ||
Partner | Bengaluru | - | ||
Partner | Bengaluru | - | ||
Partner | Delhi | - | ||
Partner | Gurugram | - | ||
Partner | Berlin | - |
Co-investors of Lightspeed
Over the past 16 years, 1222 investors have co-invested in Lightspeed's portfolio companies. This includes funds and angels.
- Invested before Lightspeed: Lightspeed Venture Partners, Kunal Bahl and 337 others have invested in rounds before Lightspeed. There are 8 companies where Lightspeed Venture Partners has invested before Lightspeed and 5 companies where Kunal Bahl has invested before Lightspeed.
- Top Co-investors of Lightspeed: 259 investors entered a company along with Lightspeed. These include investors like Lightspeed Venture Partners (16 companies).
- Invested after Lightspeed: A total of 624 investors have invested in Lightspeed's portfolio after their investments. Top Investors include Lightspeed Venture Partners (17 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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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
