24 December 2016, India:
Mumbai-based venture capital firm Lightbox India Advisors Pvt Ltd has raised $54 million as an extension of its second fund of $100 million, which it had closed in late 2014. Lightbox is a venture capital firm based out of Mumbai. The fund is focused on early stage consumer technology businesses.
Sandeep Murthy, Partner at Lightbox, confirmed that the investment firm had completed raising the new investment vehicle. He said, “We are launching it to support our existing companies. Our companies are doing well, and as we have gone out and talked about that. We really felt that if we can carry these businesses further, build them bigger, and if we can participate further, in their upside and growth, it will be useful,“ he told ET.
“This is incremental capital that we will be pooling together with uninvested capital from Fund 2. This gives us a total of $100 million to invest in a total of 8-10 companies,” he added.
A mix of entrepreneurs, technologists and investors, the Lightbox team has global operational and investing experience in consumer technology. Source- DEALSTREETASIA