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Lightspeed raises $275m

The US venture capital firm has closed its third dedicated fund for India.

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Fund name: Lightspeed India Partners III
Current size: $275 million
Target size: $300 million
Stage of Fundraising: Final Close

Lightspeed Venture Partners has held a final close on Lightspeed India Partners III on $275 million, slightly below its $300 million target. Capital raised by the vehicle will be used to invest in the technology sector in India.