LIGHTSPEED VENTURE PARTNERS
Lightspeed Venture Partners expands to Southeast Asia, sets up regional office in Singapore
Lightspeed, which manages over $10 billion of committed capital, is also setting up a dedicated investment team for the region, which includes two India partners - Bejul Somaia and Akshay Bhushan.
Lightspeed raises $275 million for third India fund
The Silicon Valley-based firm has till date deployed about $750 million in India across t...
Google in talks with ShareChat as latter scouts for $150-200 million
ShareChat owns a regional language social media platform that competed w...
ShareChat raises $40 million in bridge round
ShareChat's existing investors include Lightspeed Venture Partners, Saif Partners, Twitter, TrustBridge Partners, India Quotient and Shunwei Capital.
Startups help blue collar workers start their own gigs
Many startups are aiming to upskill and reskill the new breed of micro-preneurs across states such as Telangana, Karnataka, Andhra Pradesh and Tamil Nadu.
Wipro ventures invests in Yugabyte, plans to take its open source SQL database to its clients
Yugabyte has also added Scott Yara, co-founder and former SVP of Products of Pivotal Software, to its board of directors.
Yellow Messenger raises $20 million Series B from Lightspeed Venture Partners
Yellow Messenger will use the funds to expand globally and strengthen its multi-lingual voice bot platform.
ShareChat lays off 101 employees as advertising market tanks
The laid-off employees will have the option of taking a ‘garden leave’ of 2 months or half the salary for four months. Garden leave is a practice when a terminated employee stays away from work during the notice period, while still remaining on the payroll.
Lightspeed has $4b to invest after closing 3 funds
Lightspeed Opportunity Fund, a new fund, will use $1.5 billion to invest in breakout companies across the markets that the multi-stage venture capital firm operates in, including China, India, Israel, Europe and Southeast Asia.
VCs and startup CEOs join hands to launch Covid-19-focussed Grant
The Action Covid Team Grants, which is possibly a first-of-its-kind initiative globally, has already received about 40% of its target corpus.
Coronavirus blow: Firms prepare for slow capital flows, uncertainty
Record capital flows into Indian startups, many of which have been chasing growth at all costs and seen valuations multiply in the past year, are expected to halt in the coming months as coronavirus disrupts economies around the world.
VCs start new calendar year with $7 billion left to invest
Bain & Company’s study sees more action to add to $10 billion deployed by the industry till now.
Oyo may cut more jobs to shore up its bottom line
Executives say scale of layoffs ‘far larger’ than expected but Oyo denies any such plan.
SoftBank-backed Oyo lays off thousands across India, China
SoftBank-backed Oyo plans to shed another 1,200 in India over the next three to four months, sources said.
Lightspeed Venture enters Singapore to step up tech investment
Lightspeed is joining other U.S. investors including Vulcan Capital in boosting their investments in Southeast Asia. With deepening mobile penetration and an emergent middle class, the region has given birth to tech giants such as Grab, Gojek and Tokopedia in the past decade.