Lightspeed targets $250M for new India fund, focusing on early-stage AI

Lightspeed is raising $250M for a new India fund focused on early-stage AI. For the first time, it aligns the India fund's cycle with its global funds and shortens the investment period. Lightspeed already backs Anthropic, xAI, and Databricks, and in India it invested in Sarvam AI, which the government picked to build sovereign LLMs. The post doesn't specify sector or stage details beyond early-stage AI.