Venture capital firm Lightspeed India Partners Advisors Llp has raised a second, bigger fund of $175 million to invest in startups in consumer internet, software and other businesses. US-based Lightspeed, which has been operating in India for 12 years, launched its first dedicated fund for India in 2015. From that $135 million fund, Lightspeed made about 20 investments, including edutech firm Byju’s, messaging app Sharechat, and Udaan, a marketplace for businesses.
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