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Lightspeed raises $500m fund for India, Southeast Asia

Venture capital investors have increasingly been targeting the region

Venture capital investor Lightspeed has raked in $500 million for a fund dedicated to India and Southeast Asia. (Source photos by AFP/Jiji and screenshot from Lightspeed's website) 

JAKARTA -- Venture capital investor Lightspeed Venture Partners said on Tuesday that it has amassed over $7 billion across four funds, including $500 million for its vehicle dedicated to India and Southeast Asia.

Lightspeed India Partners -- the backer of prominent startups such as Oyo, Byju's and Udaan -- closed its $500 million early-stage LSIP Fund IV.

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