Lightspeed is looking to close the fund within the next quarterUS-based venture capital firm Lightspeed Venture Partners is looking to close its third India focussed fund at around $250 Mn to $300 Mn.

For this fund, Lightspeed started contacting to its previous backers including limited partners (LPs) and other VC funds last year.

A source told TOI that even though there will be high demand for the fund, Lightspeed is unlikely to raise more than $300 Mn for this fund.

Lightspeed Bullish On Indian StartupsLightspeed has been investing in the country since 2004 via Lightspeed India.

Besides these two funds, Lightspeed has also invested in Indian startups from its global fund to participate in bigger funding rounds of these companies. | To read full story, visit https://startuparound.com/read/1583224206.0748694/Lightspeed-Venture-Partners-Could-Close-Third-India-Fund-At-$300-Mn?ref=audio_experience