AI application startups in India set to get more investments from VC firms Accel, Peak XV, Lightspeed
“We are seeing a lot more application-layer pitches from founders. Our investments will likely be weighed more heavily there," said Hemant Mohapatra, a partner at global VC firm Lightspeed Venture Partners. “We're very active in the market." It's a sentiment that's echoed by the largest VC firms in the Indian market including Lightspeed, Accel India and Peak XV Partners (formerly Sequoia Capital India and Southeast Asia). Lightspeed said its cheque sizes for AI startups would vary, depending on a company's technology. Its investments have ranged from $3.5 million with a...