India is similar to what we saw in China four-five years back: Bejul Somaia

Last month, Lightspeed Venture Partners, the Menlo Park, California-based venture capital firm that has backed iconic start-ups such as GrubHub and Snapchat, launched its first India-dedicated fund. The $135 million (around Rs.890 crore today) Lightspeed India Partners I, LLC fund comes more than eight years after the firm started making direct investments here through its local arm Lightspeed Advisory Services India Pvt. Ltd.