Lightspeed Announces 7,5 Trillion Rupiah Managed Funds for Startups in Southeast Asia and India

Lightspeed India Partners announces early stage managed fund (early stage) LSIP Fund IV of $500 million or around 7,5 trillion Rupiah. These funds will be used to continue its investment in India and Southeast Asia.

In an official statement, the fundraiser reflects a deep commitment to the Indian and Southeast Asian markets since their first investment in 2007.

"We will continue to expand and explore opportunities in the region. Led by founder world-class and growing range of technologies to reshape the economies of India and Southeast Asia," it said in a statement.

In the last five years, Lightspeed India Partners has owned 28 partners headquartered in Bengaluru, Delhi, Mumbai and Singapore. Meanwhile, investing in startups growth stages in India and Southeast Asia through the Select Fund and the Opportunity Fund.

Lightspeed Venture Partners has invested in China, India, Israel, Europe and Southeast Asia. Its total portfolio reaches more than 500 in various sectors, such as consumer, healthtech, and fintech.

In Indonesia, Lightspeed has invested in Pintu, Astro, Shipper, Chilibeli, and Ula.

Meanwhile, about a quarter of its total global portfolio has been acquired or go public with 33 IPOs in recent years. Lightspeed also has 70 investors located in 12 cities in the world.

Fundraising multi stage

Separately, Lightspeed Venture Partners announced that it had closed a $7 billion fundraiser. Total funding multi stage This fund is divided into three funds under management, including Fund XIV with $1,98 billion, Select Fund V with $2,26 billion, and Opportunity Fund II with $2,36 billion.

In short, Lightspeed Venture Partners XIV-A/B, L. P or Fund XIV is focused on early stage investments, seed, to series B in the enterprise, consumer, health, and fintech sectors. Then, Lightspeed Venture Partners Select V, L.P or Select Fund V is intended for startups that are starting to do business scale up his business. Meanwhile, Lightspeed Opportunity Fund II, LP to support investment in breakout companies.

"Since the early 2000s, Lightspeed began to build a global footprint with our belief that the future of technology and entrepreneurship will be global. We build cross-border team so as to provide an in-depth understanding of the local market to founder. That way, we can see and learn from the innovations that exist in the world," said Partner at Lightspeed Bejul Somaia.

Investment sector projection

In last interview with DailySocial at 2020, Partner & Regional Head of Lightspeed Venture Partners Akshay Bhushan said, "Indonesia is a good market for Lightspeed's investment approach. This is because Indonesia has a young, digitally literate population and a fast-growing startup ecosystem.

Based on reports Startup Report 2021-2022Q1 published DSInnovate, there are three sectors that are projected to develop in Indonesia this year, namely Direct-to-Consumer (D2C), embedded finance, and Web3.

This report also highlights the trend of investors who are no longer interested in the sector mainstream, but which have a direct impact on the socio-economic aspects of society. For example, social commerce, agriculture, and renewable energy.