Operating strength of fund-2 helped Lightbox raise fund-3: Sandeep Murthy

Lightbox, the Mumbai-based venture capital firm that has backed start-ups such as Rebel Foods and Droom, has closed its third fund at $209 million. Partner Sandeep Murthy tells Ranju Sarkar how the operating performance of the investee firms from its second fund helped the VC firm raise the third fund. Plus, insights on what these firms have done well.

How has your second fund done which helped you raise the third fund? (in terms of gains in valuations of the underlying portfolio) Any more exits lined up?
 

The performance of Fund 2 was a big driver for investors having comfort