Lightbox raises $100 million in new tech-focused VC fund
Hotline: 1800 102 2007
Search Business Opportunities

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, 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
  • Ice creams & Yogurt Parlors
    About Us: Established in the year 1956 at Fatehpuri Delhi, Giani..
    Locations looking for expansion New Delhi
    Establishment year 1956
    Franchising Launch Date 2014
    Investment size Rs. 10lac - 20lac
    Space required 80 sq ft-300 sq ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Delhi New Delhi
  • Imitation/Art/Junk Jewellery
    About Us Brand Tistabene is owned by the leading lifestyle retail..
    Locations looking for expansion Delhi
    Establishment year 2016
    Franchising Launch Date 2017
    Investment size Rs. 20lac - 30lac
    Space required 300
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
  • Other Vocational Training
    About Institute: JD Institue of Fashion Technology was established in the..
    Locations looking for expansion Karnataka
    Establishment year 1988
    Franchising Launch Date 1990
    Investment size Rs. 30lac - 50lac
    Space required 2500
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Tea and Coffee Chain
    Become a Master Partner and secure your exclusive territory! About Us: Coffee-Bike..
    Locations looking for expansion Lower Saxony
    Establishment year 2010
    Franchising Launch Date 2011
    Investment size Rs. 2 Cr. - 5 Cr
    Space required 10
    Franchise Outlets -NA-
    Franchise Type MultiUnit
    Headquater Osnabrueck Lower Saxony
Insta-Subscribe to
The Franchising World
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

Free Advice - Ask Our Experts