News Snapshot:
Silicon Valley-headquartered venture capital firm Lightspeed Venture Partners has closed its largest fund dedicated to India and Southeast Asia fund at $500 million, joining a growing set of technology investors that have amassed large amounts of dry powder amid a slowdown in funding. Lightspeed, which has backed startups such as Oyo, Udaan, Sharechat and Byju’s, has increased the size of its fourth India fund substantially from its previous corpus of $275 million, which it racked up in 2020. The India fund is a part of the $7 billion that Lightspeed announced it had raised overall to deploy in early- and...
