Hotline: 1800 102 2007
X
Loading
Search Business Opportunities
2014-10-15

Lightbox raises $100 million in new tech-focused VC fund

The first fund has a portfolio comprising GreenDust, ZoomIn, MapmyIndia, Paymate, FutureBazaar and Kotak Urja

Lightbox Management Ltd, a new VC firm floated by former Sherpalo Ventures’ India head Sandeep Murthy, has closed its second fund at $100 million (about Rs 610 crore) from overseas institutional investors, according to a VCCircle report, citing a company executive as per separate media reports.

 

It had announced its first close at $25 million in April this year.

 

Lightbox was started with two funds, one of which has stakes in some half a dozen firms as a result of a spinout or synthetic secondary transaction involving existing investments of Sherpalo and KPCB in India. The first fund has a portfolio comprising GreenDust, ZoomIn, MapmyIndia, Paymate, FutureBazaar and Kotak Urja.

 

Other partners of Lightbox include Siddharth Talwar, an angel investor who founded and later sold Evolv to NIIT; and Prashant Mehta, former CEO of Komli Media. The fund’s US partners include Sunny Rao, currently CEO of ZoomIn who earlier co-founded Half.com, which was acquired by eBay for $350 million; and Jeremy Wenokur, an angel investor who spent the past 17 years in the consumer technology space in the US and was Google’s first corporate development person.

Related opportunities
  • Bakery & Confectionary
    Started out as a small bakery supplying bread to British..
    Locations looking for expansion Karnataka
    Establishment year 2000
    Franchising Launch Date 2015
    Investment size Rs. 10lac - 20lac
    Space required 100 - 500 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Rural District Karnataka
  • Competitive Exam Coaching Institute
    About:INTERACTIVE Classroom Teaching: Chanakya IAS Academy serves the society by providing..
    Locations looking for expansion New Delhi
    Establishment year 1993
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 5500 - 8300 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater South Delhi New Delhi
  • About:Ladybond is a growing and progressive womenswear brand by Ideasnu..
    Locations looking for expansion Maharashtra
    Establishment year 2014
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 200 - 400 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Mumbai City Maharashtra
  • Healthcare Products
    MICROSIDD India Private Limited is registered under Ministry of Commerce,..
    Locations looking for expansion Karnataka
    Establishment year 1999
    Franchising Launch Date 2016
    Investment size Rs. 10lac - 20lac
    Space required 200
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bangalore Urban District Karnataka
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities