Lightspeed eyes new fund, may get $500 mn

Its exit pipeline via public listing of portfolio firms has begun to open up

- Mansi Verma

(ISTOCKPHOTO)

Lightspeed India Partners, an early backer of firms such as Oyo and Razorpay, plans to raise its next India and South-East Asia-focused fund in 2026, even as its initial public offering (IPO) exit pipeline begins to open up, two people with direct knowledge of the development told Mint.

Portfolio companies including Oyo, Zepto, Zetwerk, Udaan and Acko are in various stages of preparing to go public, creating a potential liquidity pipeline for the venture capital firm. Lightspeed is also a backer of Physics Wallah, but did not sell any stake in its recent IPO, as investors increasingly cut back on offer-for-sale components.