Lightbox

Lightbox is a Mumbai-based venture capital firm focused on early-stage investments in consumer technology companies across India. With approximately $400 million in assets under management, the firm has built a portfolio valued at over $3 billion. The team behind Lightbox represents one of the most successful track records in venture capital in India, having invested in and built global technology businesses from India. Operating as Sherpalo, their past investments included InMobi, Cleartrip, and Naukri.com. The team comprises entrepreneurs, technologists, and investors with global operational and investing experience in consumer technology. They have founded startups such as Cleartrip, Half.com, Evolv, and have led functions at Google, eBay, Komli, IAC, Yahoo, Sony, Cleartrip, InMobi, and NIIT. Lightbox's investment strategy involves making concentrated bets on differentiated businesses that are building unique solutions for India's vibrant consumption market. They focus on sectors such as education technology, healthcare, fintech, financial services, content, e-commerce, logistics, food delivery, fashion, automotive, media, real estate, travel, and retail. The firm typically invests between $3 million and $5 million in companies at the seed, Series A, and growth stages. Their portfolio includes companies like Furlenco, Rebel Foods, Droom, Dunzo, Melorra, Embibe, MapmyIndia, and Info Edge. Notably, Embibe was acquired by Reliance Jio in April 2019, marking the largest AI investment in education worldwide at that time. The firm's sizable ownership in its portfolio companies, coupled with compelling macroeconomic factors, positions it to drive significant value across its investments. Lightbox's approach is to work closely with entrepreneurs creating unique solutions for the country's vast, unorganised consumption market, leveraging their global operational and investing experience to build market-leading companies.