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Lightspeed ventures portfolio11/7/2023 Over the last 20 years, Lightspeed has helped entrepreneurs in diverse industries scale into multi-billion-dollar companies, some of which are Snap (US), Nutanix (US), Pinduoduo (China), Man Bang group (China), Grab (Asia), OYO Rooms (India), Udaan (India) and Byju’s (India). ![]() “Southeast Asia is undoubtedly one of the fastest-growing innovation ecosystems and we look forward to building deep, long-lasting relationships with founders and the broader tech community.” “Our mission at Lightspeed has stayed the same, even as our global presence has expanded from Silicon Valley, Israel and China to India, Europe and now Southeast Asia: to support bold entrepreneurs who are building tomorrow’s companies today,” said Ravi Mhatre, Founder and Managing Director, Lightspeed Venture Partners. Many ventures are also building multi-location businesses with engineering talent from India and other areas. Additionally, many of Lightspeed portfolio companies are scaling up business in Southeast Asia and have regional headquarters in Singapore – including Snap, OYO Rooms, Yellow Messenger and Darwinbox among others. Lightspeed has already invested in the region across regional super-app Grab, social commerce platform Chilibeli, B2B marketplace app Ula, enterprise artificial intelligence software provider NextBillion.ai as well as fulfilment and shipping gateway company Shipper. We believe the startup ecosystem will continue its significant expansion and are excited to partner with entrepreneurs as they build and scale disruptive companies,” said Akshay Bhushan, Partner, Lightspeed Venture Partners. “Southeast Asia is one of the world’s fastest-growing economies and startup ecosystems, and this is due in no small part to the region’s extraordinary entrepreneurial talent. In Southeast Asia as well, Lightspeed is actively engaging with ventures right from their early stages, solving uniquely Asian problems in sectors like commerce, fintech, edtech and SaaS among many others. More than 70% of its investments have been in firms at early stages, often being the first institutional capital partner. Since 2000, Lightspeed has supported game-changing founders from inception through to growth stages. Lightspeed is committed to backing founders across the region, who are building a new future on the back of technology-led disruption. ![]() These tailwinds are enabling strong founders to create new categories and business models. Lightspeed will deploy capital for its Southeast Asian investments from its global funds, where it has previously announced having raised US$4 billion in 2020.Īs the world copes with the humanitarian and economic crisis driven by COVID-19, it is also seeing rapid digitization across industries and categories. Headquartered in Singapore, Lightspeed will partner and support the region’s bold entrepreneurs building disruptive companies. SINGAPORE-( BUSINESS WIRE)-Lightspeed Venture Partners (“Lightspeed”) today announced the launch of its Southeast Asia operations.
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