Lightspeed seeks $250 million for new India fund focused on early-stage AI

Venture capital firm Lightspeed is raising a new fund targeting $250 million for investments in India, with a focus on early-stage artificial intelligence startups. The fund marks a shift in strategy, as Lightspeed aligns its India fundraising cycle with its global funds for the first time.

The firm is also moving to a shorter investment period, reflecting changes in how it plans to deploy capital going forward. The move signals continued investor interest in AI startups in India's growing tech ecosystem.