Lightbox
Mumbai, India · Invests in Asia · Website
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🔒 $•• – $••Thesis
Early-growth brands that India will obsess over tomorrow — technology-led consumer businesses where product is the champion and tech a catalyst. Lightbox takes concentrated bets in select entrepreneurs and partners beyond capital through deep operational involvement.
Likely not a fit for
No deep tech, hardware, or pure enterprise B2B. No non-India investments. Avoids narrative-driven ventures without clear unit economics and real businesses.
How they invest
- Lead or follow
- Usually leads
- Typical decision
- ~2 months
- Warm intro
- Not required
- Involvement
- Takes a board seat
- Fund status
- Slowing Down
- Assets under mgmt
- $400M
- Decision process
- Partnership vote
Partners & team
6 contacts on file
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The world's largest chain of internet restaurants powered by an operating system for building and scaling brands globally. Rebel Foods combines culinary craftsmanship with technological infrastructure to create a diverse range of food brands that cater to various consumer food missions.
Furlenco is a furniture rental and sales platform that offers a wide range of furniture and appliances for rent or purchase, catering to urban customers who prefer flexibility and convenience in furnishing their homes.
Nua is a shopping mall creation solution provider.
Cityflo provides app-based AC bus services for office commutes, offering comfortable and efficient transportation solutions in major Indian cities.
Rooter is India's largest game streaming and commerce platform, catering to a mobile gaming audience with live streaming, videos, and a marketplace for in-game currencies and gift cards.
Rupeek is India’s leading asset-backed, digital lending fintech platform that provides low interest online gold loans at the convenience of the customer's home. The company aims to create equal access to credit for every Indian.
Droom is an automotive e-commerce platform that facilitates the buying and selling of new and used vehicles, including cars, bikes, scooters, and more. It offers a range of services including vehicle history reports, inspection reports, and financing options.
PayMate is a leading provider in B2B payments for Enterprise and SME across supply chains, offering a comprehensive digital workflow tied to payments which enable greater control and transparency along with better cash flows and end-to-end reconciliation.
Melorra designs jewellery for the Western wardrobe, focusing on light, contemporary pieces that can be worn for various occasions. They create fashion-inspired designs based on global trends and utilize advanced manufacturing techniques like 3D printing.
Recent activity
- Mar 2026
Amaha
Series A · Participated
- Jun 2024
Melorra
Series E · Participated
- Feb 2024
Zeno Health
Series C · Lead
Lightbox in the news
AgroSpectrum India
Chennai based Agritech Startup WayCool Foods raises $32 mn from Lightbox
28 days ago
Tracxn
Lightbox - 2026 Investor Profile, Portfolio, Team & Investment Trends
2 months ago
Guildford Dragon
Guildford news...
2 months ago
VCCircle
Lightbox, Axis AMC, family offices end up with a lemon as Senco takes over Melorra
7 months ago
The Economic Times B2B
India isn’t Silicon Valley, Sandeep Murthy has stopped pretending it is.
7 months ago
Indian Startup Times
A Vision for India’s Startup Growth: In Conversation with Lightbox’s Siddharth Dhankhar
9 months ago
VCCircle
Lightbox’s Murthy on exit plans, new fund launch and how portfolio firms are faring
Aug 2025
YourStory.com
Product, profit, returns: How Lightbox is looking to hand-pick its future portfolio companies
May 2025
IDEXonline
The Future is Mined: Lightbox to Close
May 2025
The Morning Context
How VC firm Lightbox’s partners grew disillusioned before breaking up
Dec 2023
The Arc Web
Co-founder, two partners to quit VC firm Lightbox
Aug 2023
The Economic Times
Three partners to leave VC fund Lightbox Ventures
Aug 2023
nationaljeweler.com
Lightbox Is Now Selling Engagement Rings, and Nobody Should Be Surprised
Jun 2023
NBA.com
HEAT Donates $10,000 To Luke Hoyer Fund
Feb 2022
Variety
‘Tadeo’ Producer Lightbox, Austria’s Arx Anima Team to Create Arxlight (EXCLUSIVE)
Jun 2021
Variety
‘Diana’ Producer Lightbox Exits Channel 4 Backing, Prepares to Play Field of Premium Partners (EXCLUSIVE)
Feb 2021
Indian Startup News
Bus Service Startup Cityflo Raises $7.7 Million From Lightbox Ventures And Others
Nov 2020
The Real Deal
Venture-backed Lightbox acquires broker software startup ClientLook
Jan 2020
The Real Deal
Silver Lake-backed startup Lightbox makes even more RE Tech acquisition noise
May 2019
Crunchbase News
Indian VC Firm Lightbox Ventures Targets $200M For Third Fund, According To Filings
Sep 2018
YourStory.com
Lightbox.vc: A VC fund with a focus on operational involvement
Jul 2014
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