Lightspeed targets $250M for new India fund, focusing on early-stage AI

Lightspeed is targeting between $250 million and $350 million for a new India fund focusing on early-stage AI. The Silicon Valley firm is aligning its India fundraising cycle with its global funds for the first time, shifting to a shorter investment period. This strategic move toward AI innovation and agility in India reflects a broader industry trend. The fund aims to prioritize early-stage AI investments to capitalize on the evolving technological landscape within the Indian market.