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'Ten of 14 Lightbox cos to clock profit in 1 year
Mint Mumbai
|October 18, 2023
VC firm to focus on generating liquidity given recent changes, says Murthy
Mumbai: Lightbox India Advisors Pvt. Ltd expects 10 out of its 14 portfolio companies in India to turn profitable over the next year, a top executive at the venture capital firm said.
The company, which entered India in 2014 by acquiring six portfolio firms of venture firms Kleiner Perkins Caufield & Byers (KPCB) and Ram Shriram-led Sherpalo Ventures, has raised $450 million across three funds over the last decade and has backed the likes of Dunzo and Rebel Foods.
“If I look at where we sit today with the current portfolio, within the next nine months, six companies will get to profitability. Within the next 12 months, another four will turn profitable. And they will get there by growing smart, improving margins," Sandeep Murthy, partner, Lightbox India, said in an interview.
He declined to name the startups that will become profitable.
Esta historia es de la edición October 18, 2023 de Mint Mumbai.
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