Lightspeed India Partners is a venture capital and private equity firm investing in direct and cross-border Indian advertising and media, business services, financial services, healthcare, education, and retail companies that is headquartered in New Delhi, India and was founded in 2004. The partners of Lightspeed India Partners are Akshay Bhushan, Bejul Somaia, Dev Khare, Harsha Kumar, Hemant Mohapatra, Ravi Mhatre, and Vaibhav Agrawal.
On July 9, 2018 Lightspeed India Partners announced raising $175 million for their second venture capital fund. The firm plans on using the fund to invest about 25-30 consumer internet, software, and other technology companies. Dev Khar, a partner at Lightspeed India Partners, made the following comments about how the firm plans on using their second fund:
The strategy for the second fund will be very similar to fund one. We will make a proportionately higher number of investments as the fund size is larger. We like making a relatively concentrated set of investments because it allows us to spend more time with our portfolio companies and help them with building leadership teams and company culture, making connections within our network and generally be a sounding board for founders.
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MyScoot provides a platform to discover, connect to hosts of home parties and attend attend to them.