Lightspeed Venture Partners has sold out of a company it first backed nine years ago through its debut India fund, marking an exit from one of the fund’s early investments.
The move closes a long-held position dating to the firm’s first India vehicle, underscoring how early-stage venture bets can take nearly a decade to mature into realizations.
The exit highlights portfolio monetization by global venture firms in India, where returns from older investments remain a key test of the market’s startup investing cycle.
With secondary sales now dominating VC exits, is the classic Silicon Valley IPO dream for startups officially over?
As VCs hold private companies longer, are they becoming more like private equity firms than true startup builders?
How has the rise of secondary markets changed the power dynamic between startup founders and their venture capital investors?