Abhishek Nag & Vaibhav Agrawal Quit VC Firm Lightspeed Venture Partners

Two of Lightspeed Venture Partners' partners, Vaibhav Agrawal and Abhishek Nag, have left the company. Lightspeed Venture Partners has supported startups including Oyo, Udaan, Sharechat, and Pocket FM.

Agrawal, a Silicon Valley entrepreneur, is planning to start his own venture capital business, while Nag has taken a leadership role in early-stage investments at Mumbai-based 360 One, formerly known as IIFL Wealth & Asset Management, as reported by The Economic Times.

It has lately spearheaded significant fundraising rounds, including the $103 million audio platform Pocket FM raised in March and the $41 million investment in the AI startup Sarvam AI. Lightspeed secured $500 million in July 2022 for its fourth fund, which is primarily dedicated to investments in Southeast Asia and India.

Currently, Lightspeed's international teams oversee over $18 billion in assets on a worldwide scale, working with advisors and investment experts throughout Silicon Valley, India, China, Southeast Asia, Europe, and Israel.

Lightspeed has a well-established and extensive presence in India, with offices and consulting teams situated in Singapore, New Delhi, Mumbai, Bengaluru, and Mumbai.

About Lightspeed

Lightspeed is a multi-stage venture capital business that operates globally and is committed to driving disruptive technologies and trends in many industries.

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