Lightbox Ventures

Stage focus

Series B

Primary sector

Food & FMCG (D2C)

City

Mumbai

HQ / office

Unit 4, 2nd and 3rd Floor, Brady Glady's Plaza, 1/447 Senapati Bapat Marg, Lower Parel (W), Mumbai 400013, Maharashtra, India

Fund registered

2014

Investments on record

10

Corpus (as reported)

~$400 million invested per firm's own site (homepage shows "$400 mn Invested", "27 Investments", "20 Years"); third-party trackers (Crunchbase/Tracxn) cite ~$450M AUM. Third fund closed at ~$209M in 2019.

Website

lightbox.vc

LinkedIn

Profile ↗

Lightbox is a Mumbai-based private venture capital firm founded in 2014 (team has invested in India since ~2005), launched by acquiring India-portfolio stakes from Kleiner Perkins and Sherpalo Ventures (Cleartrip, Info Edge, MapmyIndia, PayMate, InMobi). It backs early-stage, technology-led consumer businesses, typically at Series A through Series B. Co-founded by Sandeep Murthy, Sid Talwar and Prashant Mehta; Sandeep Murthy is Managing Partner. Core team historically also included Rashmi Guptey and Bhavana Waigankar.

Early-stage / primarily Series A (cheques ~$2M–$20M, Series A through Series B). Sector focus: technology-led consumer businesses ("the future of consumption in India") — consumer brands, consumer internet, retail, healthcare, food, mobility, fintech, D2C.

Early-stage Series A consumer-tech; cheque sizes not publicly disclosed (fund ~USD 400-450M AUM, ~USD 200M Fund III)

As compiled from public sources — verify with the investor.

Registration category not stated — reported as “Major/growth VC (early-stage, Series A consumer-tech)”

None found

Rebel Foods; Furlenco; Cityflo; Zeno Health; Bombay Shirt Company; Nua; Dunzo; Droom; Rupeek; Cleartrip

Small partner-led team (ex-Cleartrip, Google, eBay, InMobi operators); exact count not disclosed

SEBI-registered AIF, multi-fund (Lightbox Ventures I/II/III), early-stage consumer-tech VC managed out of Mumbai

What does Lightbox Ventures invest in?

Early-stage / primarily Series A (cheques ~$2M–$20M, Series A through Series B). Sector focus: technology-led consumer businesses ("the future of consumption in India") — consumer brands, consumer internet, retail, healthcare, food, mobility, fintech, D2C.

What cheque size does Lightbox Ventures write?

As compiled from public sources: Early-stage Series A consumer-tech; cheque sizes not publicly disclosed (fund ~USD 400-450M AUM, ~USD 200M Fund III)

How do I pitch Lightbox Ventures through iHub India?

Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.

VC fund (Cat I)

77 EAST VENTURE FUND

Early stage (Pre-Series A) · Food & FMCG (D2C) · Bengaluru

Not disclosed (Cat I AIF; SEBI min investor commitment INR 1 Cr)Contact on file

VC fund (Cat II)

Atomic Capital Investment Trust

Growth (Series C+) · Food & FMCG (D2C) · Bengaluru

INR 10-30 Cr (average first cheque)Contact on file

Private equity (Cat II)

Brands and Beyond India Fund 1

Not disclosed · Food & FMCG (D2C) · New Delhi

Contact on file

VC fund (Cat II)

CARPEDIEM CAPITAL PARTNERS FUND I

Growth (Series C+) · Food & FMCG (D2C) · Mumbai

Mid-market PE; bridges early-stage VC and large-scale PE. Specific cheque range not publicly disclosed (consumption/SME mid-market PE typically ~INR 25-100 Cr; not officially confirmed).SIDBI FFSContact on file

Angel network / platform

Chandigarh Angels Network (CAN)

Seed · Food & FMCG (D2C) · Chandigarh

INR 10 lakh - 2 Cr depending on stageContact on file

VC fund (Cat II)

ConsumerX Ventures Trust

Multi-stage · Food & FMCG (D2C) · Mumbai

INR 3-5 Cr per companyContact on file

All Series B investors →

• ⚑ Team transition CONFIRMED via The Arc (article dated March 27, 2026: "Co-founder, two partners to quit VC firm Lightbox") and Inc42 reporting: co-founders Sid Talwar and Prashant Mehta plus other partners departing to set up a separate fund, leaving Sandeep Murthy as principal remaining partner — CONFIRM current fund/deployment status before relying on this as an actively deploying fund. Portfolio distress noted at Dunzo. Otherwise private VC, India-HQ, clean; no name-collision or fraud concern.

Compiled from public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.

Sources: https://lightbox.vc; https://www.cbinsights.com/investor/lightbox-ventures