Hotline: 1800 102 2007
Hotline: 1800 102 2007
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
  • Clinics & Nursing Homes
    About Us: Dr. Richa Jain Unique Clinic: Established at Nagpur, Maharashtra,..
    Locations looking for expansion Maharashtra
    Establishment year 2000
    Franchising Launch Date 2018
    Investment size Rs. 50lac - 1 Cr.
    Space required 1800
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
  • Quick Service Restaurants
    About Chai GaramWe serve our tea the way Indians like..
    Locations looking for expansion New Delhi
    Establishment year 2008
    Franchising Launch Date 2009
    Investment size Rs. 10lac - 20lac
    Space required 60 - 400 Sq.ft
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New Delhi New Delhi
  • Express Food Joints / Drive Through
    Have you ever dreamt of owning a food franchise opportunity? Grab..
    Locations looking for expansion Rajasthan
    Establishment year 2010
    Franchising Launch Date 2011
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Jaipur Rajasthan
  • Theme Restaurants
    About Us: Urban Lokal Café is focused on providing a safe..
    Locations looking for expansion Maharashtra
    Establishment year 2017
    Franchising Launch Date 2018
    Investment size Rs. 10lac - 20lac
    Space required 250
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Mumbai Maharashtra
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

Free Advice - Ask Our Experts