Lightspeed trims India fund size to $350 mn amid AI focus: Report

Lightspeed Venture Partners, which has backed firms like Zepto, has trimmed the size of its fifth India fund from $500 million to $300-350 million, The Economic Times reported. The firm is now focusing on early-stage AI and deeptech startups. It is also pulling back from larger growth-stage investments following valuation setbacks, including a lower-than-expected listing valuation for Razorpay.