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Indian startups can thrive despite speed bumps, Lightspeed’s Bejul Somaia says

Economic TimesEconomic Times · 4m
Indian startups can thrive despite speed bumps, Lightspeed’s Bejul Somaia says

India's young tech companies continue to attract investment despite challenges faced by high-profile internet firms like Paytm and Byju's, according to Bejul Somaia, Partner at Lightspeed Venture Partners. While regulatory orders and corporate governance issues have affected these companies, India's political stability, booming capital markets, and effective management of interest rates by the central bank make it an appealing destination for venture capital. Lightspeed has raised $500 million for its India and Southeast Asia fund and has invested in companies like Zepto, Udaan, and Razorpay. The firm is also capitalizing on the growing demand for artificial intelligence infrastructure.

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