Lightspeed Makes Profitable Exit From Innovaccer

For Lightspeed, the investment marked an early bet that rode Innovaccer's rapid valuation climb

- Rwit Ghosh

Lightspeed India has exited its stake in healthcare artificial intelligence (AI) company Innovaccer earlier this year, two people familiar with the matter told Mint. The venture capital firm logged an internal rate of return (IRR) of over 30% on its investment, marking a profitable exit for one of the earliest institutional backers of the company.

"Lightspeed has been trying to exit for a while now," said one of the people cited above. "They're lucky to have made 30% finally on what was supposed to be a fund returner."