![]() It’s a bit of a bump up from the last fund. The second fund, when I joined in August of last year, earned $175 million. Out of that, many of them have become global brands now in hospitality, EdTech, and in a few other categories. We invested in roughly 20 to 30 companies. We raised that fund in 2013 with $135 million. Four years ago, India’s opportunity became big enough and interesting enough for us to raise an India-centric or, I would call it, Southeast Asian-centric fund beginning with India. We have diversified into crypto and Blockchain consumer and a bunch of other marketplace tech companies over the last 5 to 10 years. It’s been around for over 20 years now, but it has mostly been popular with enterprise companies. I’ll give you a bit of Lightspeed background. One of my investments at Google was a Lightspeed company. I’ve known the Lightspeed team a couple of years before as well. I spent about a year and then Lightspeed came by and came calling. Where else would you do it if not the Valley? So I joined them as an Enterprise Investment Partner. I was ready to move to India at that time. Why are you wasting your life away? Why don’t you join us in an investing role or you could join a startup? If you’re doing a startup, that’s another way to collaborate.” Then they came calling in 2018 and said, “You’ve spent five years at Google. Why not do it as a full time job? At that time, I was losing a lot of my deeds to Andreessen Horowitz. I got really close to startups during those days and enjoyed my experience there.Īs I began investing and acquiring companies, I thought that this could be a career move for me. A lot of that involved investments as well as acquisitions. As part of my journey, I got a bunch of work that allowed the Cloud product to scale up. I spent about four and a half years there and saw the Cloud growth. From a product management role, I evolved into a business development and strategy role at Cloud. I spent my career mostly as an engineer, six years in AMD and then five years at Google. I spent about 15 years there across Austin, Texas, and Bay Area. Hemant Mohapatra: I grew up in India and I left for the US In 2003. Let’s start by introducing our audience to the activities of Lightspeed India – the positioning and a bit of your background. Sramana Mitra: Today we’re going to start with a conversation with Hemant Mohapatra who’s partner at Lightspeed Ventures India. You can listen to a podcast of our conversation here and watch the roundtable video below: Hemant Mohapatra, Partner at Lightspeed Venture Partners, India, talks about some of the large, open opportunities in the Indian market that are of interest to him. Today I introduce you to Hemant Mohapatra. Then start looking for entrepreneur – investor fit. First, please study our free Bootstrapping course and Investor Introductions page. If you have been bootstrapping and think you are ready for investors, you need to learn how investors think.
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