Lightspeed Ventures to Increase Investment in Emerging Technologies in India

02/22/2023 04:15 • Metaverse Matters • 144 views

It is reported that VC giant Lightspeed announced that it will focus on investing in emerging fields such as Web3 and deep technology in India. The venture capital will also continue to invest in core themes such as consumer, financial technology and software as a service (SaaS). Rahul Taneja, partner of Lightspeed, said: “We believe that through the cycle and investment for companies to be built in the future, we already have core investment areas in SaaS, financial technology, business and consumer fields. In addition, we will also make initial investment in emerging areas such as blockchain, infrastructure, and deep quarter.”

VC giant Lightspeed announced that it would focus on investing in emerging fields such as Web3, blockchain and deep technology in India

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Venture capital firm, Lightspeed, has announced its decision to focus on investing in emerging fields like blockchain, infrastructure, and deep technology in India. The company will also continue to invest in core themes such as SaaS, financial technology, consumer, and business fields. This move by Lightspeed is in line with its goal to support the development of innovative technology startups that will drive growth and impact in the Indian market.

According to Rahul Taneja, a partner of Lightspeed, the firm sees great potential in the Indian market and is committed to investing in companies that will propel the country forward through the cycle. He added that Lightspeed plans to make initial investments in areas that are still in their early stages of development, such as blockchain and infrastructure. By doing so, the VC firm hopes to capitalize on the opportunity presented by these emerging fields to influence and shape their growth trajectory.

One of the emerging fields that Lightspeed has identified as a priority is Web3. This refers to the decentralized web or the internet 3.0, which is based on blockchain technology. Web3 has the potential to revolutionize the way information is shared and accessed, allowing for greater privacy and security. With India being one of the largest and fastest-growing internet markets in the world, Lightspeed recognizes the importance of investing in Web3 companies to help shape the future of the internet in India.

Another area that Lightspeed has earmarked for investment is deep technology. This refers to technologies that are based on scientific breakthroughs and require extensive research and development. The focus on deep technology will enable Lightspeed to invest in cutting-edge technologies that have the potential to create new industries and disrupt existing ones.

In conclusion, Lightspeed’s decision to increase its investment in emerging technologies in India is a positive development for the Indian startup ecosystem. The focus on areas like blockchain, Web3, and deep technology will bring leading-edge technologies to the Indian market and create opportunities for startups to innovate and grow. As Lightspeed continues to support emerging technologies, the potential for creating breakthrough innovations in the Indian market will increase, reinforcing India’s position as a leader in the technology industry.

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