Lightrock

Lightrock, previously known as LGT Lightstone Aspada, is a venture capital firm headquartered in Bangalore, India, specializing in growth capital and early-stage investments. The firm focuses on sectors such as fintech, healthcare, agriculture, education, logistics, and essential services, aiming to support companies that address significant global challenges through scalable and technology-driven business models. Lightrock typically invests between $0.5 million and $5 million in companies with annual revenues in the same range. With a portfolio of over 90 high-growth companies across various regions including India, Europe, the US, Latin America, and Africa, Lightrock is committed to backing purpose-driven entrepreneurs. The firm is a subsidiary of the LGT Group Foundation and operates with a dedicated team of over 100 professionals across multiple global offices.

André Aubert

Partner

Kevin Bone

Partner

Matthew Gordon Clark

Partner

Umur Hursever

Partner

Keimpe Keuning

Executive Director

Shakir Merali

Partner

Ashish (Ash) Puri

Growth Investor

Vaidhehi Ravindran

Partner

Pal Erik Sjatil

Global Managing Partner and CEO

Kartik Srivatsa

Managing Partner, India and Global Chief Strategy Officer

Divya Venkatavaraghavan

Principal

Nina Cardelús Vilalta

Investor

Past deals in Series E

Sunfire

Series E in 2024
Sunfire specializes in the development and manufacture of systems for producing renewable industrial gases and fuels, including hydrogen and syngas. These alternatives, referred to as e-Gas, e-Fuel, or e-Chemicals, serve as substitutes for fossil fuels like mineral oil and natural gas, integrating seamlessly into existing infrastructures. The company utilizes solid oxide cells for the conversion process, which can also function as generators to provide electricity and heat. Sunfire aims to make regenerative energy from sources such as wind, hydropower, and solar power available consistently, transcending the limitations of intermittent energy generation. Their innovative electrolyzers leverage both alkaline and solid oxide technologies, enabling sectors like chemical, fuel, and steel industries to effectively transition to renewable energy sources.

Mainspring

Series E in 2022
Mainspring Energy, Inc. is a company based in Menlo Park, California, focused on developing linear generator technology that produces low-carbon, dispatchable energy. Founded in 2010 by three Stanford engineers, Mainspring aims to address the challenges of climate change while providing affordable electricity. The company engineers advanced prototypes of linear generators that convert fuel into electricity through a low-temperature reaction of air and fuel, driving magnets through copper coils. This innovative approach allows Mainspring to offer electricity at lower costs and with greater reliability, contributing to the vision of creating net-zero carbon grids in the future.

Shiprocket

Series E in 2022
Shiprocket is an eCommerce shipping platform based in New Delhi, India, founded in 2017. It provides direct-to-consumer retailers with a cost-effective solution for shipping by utilizing a machine-learning-based data engine. This technology helps businesses select the most suitable courier service, generate shipping labels, and track orders from a centralized dashboard. In addition to its shipping services, Shiprocket also offers high-quality packaging materials through Shiprocket Packaging, ensuring brands and businesses of all sizes have access to necessary resources for their operations. With a focus on efficient and reliable service, Shiprocket aims to simplify the shipping and returns management process for its users across India.

Visby Medical

Series E in 2022
Visby Medical, Inc. is a diagnostics company based in San Jose, California, specializing in the development of polymerase chain reaction (PCR)-based diagnostic tests for infectious diseases. Founded in 2008 and formerly known as Click Diagnostics Inc., the company creates single-use, handheld testing kits that provide instrument-free results for various conditions, including COVID-19 and sexually transmitted infections. Visby Medical aims to redefine illness testing and treatment through a human-centric approach, focusing on accuracy and user experience. In addition to its diagnostic products, the company offers a mobile health care platform that encompasses health information, risk assessment, electronic medical records, and remote medical advice services, catering to governments, NGOs, and private health providers.

Mainspring

Series E in 2022
Mainspring Energy, Inc. is a company based in Menlo Park, California, focused on developing linear generator technology that produces low-carbon, dispatchable energy. Founded in 2010 by three Stanford engineers, Mainspring aims to address the challenges of climate change while providing affordable electricity. The company engineers advanced prototypes of linear generators that convert fuel into electricity through a low-temperature reaction of air and fuel, driving magnets through copper coils. This innovative approach allows Mainspring to offer electricity at lower costs and with greater reliability, contributing to the vision of creating net-zero carbon grids in the future.

Dunzo

Venture Round in 2022
Dunzo is a hyper-local delivery app based in Bengaluru, India, that connects users with nearby delivery partners to facilitate the swift delivery of various items, including groceries, food, medicines, and pet supplies. Founded in 2015 by Ankur Aggarwal, Dalvir Suri, Kabeer Biswas, and Mukund Jha, the platform aims to enhance the retail landscape by providing micro, small, and medium-sized enterprises (MSMEs) with digital tools to streamline eCommerce operations. In addition to delivery services, Dunzo offers a concierge feature that allows users to manage their everyday tasks and collaborate on to-do lists by connecting them with merchants and service providers. The company has attracted investment from notable backers, including Google and Alteria Capital.

Shiprocket

Series E in 2021
Shiprocket is an eCommerce shipping platform based in New Delhi, India, founded in 2017. It provides direct-to-consumer retailers with a cost-effective solution for shipping by utilizing a machine-learning-based data engine. This technology helps businesses select the most suitable courier service, generate shipping labels, and track orders from a centralized dashboard. In addition to its shipping services, Shiprocket also offers high-quality packaging materials through Shiprocket Packaging, ensuring brands and businesses of all sizes have access to necessary resources for their operations. With a focus on efficient and reliable service, Shiprocket aims to simplify the shipping and returns management process for its users across India.

Porter

Series E in 2021
Porter is an end-to-end logistics platform that focuses on optimizing last-mile delivery operations for businesses. Established in 2014 and headquartered in Bangalore, Karnataka, the company addresses inefficiencies in the last-mile logistics sector, allowing businesses to transport goods on-demand. Porter operates an online marketplace where businesses can book mini trucks and tempos from a fleet of vehicles based on specific dates and locations. This service enables users to access reliable and cost-effective transportation options while providing real-time ride tracking. Currently, Porter has serviced over 5 million customers across 12 cities in India, including major urban centers like Mumbai, Delhi, and Bangalore.

Dataiku

Series E in 2021
Dataiku Inc. is a company that develops a centralized data platform designed to support businesses in their data journey from analytics to enterprise AI. Founded in 2013, and headquartered in New York with additional offices in Paris and London, Dataiku offers a collaborative data science software platform known as Dataiku DSS. This platform enables teams of data scientists, analysts, and engineers to prepare, analyze, and visualize data effectively. It includes tools for data profiling, interactive exploration, and machine learning capabilities, allowing organizations to build and deploy data products efficiently. By providing a repository of best practices and a controlled environment, Dataiku aims to foster collaboration among data professionals and streamline the development of impactful models and innovative solutions. Prominent clients like Unilever and GE utilize Dataiku to enhance their data-driven decision-making processes and adapt to the growing volume of data they manage.

Konfio

Series E in 2021
Konfio is a financial services platform based in Mexico City that focuses on providing online financial solutions for small and medium-sized enterprises (SMEs) and micro-entrepreneurs. Founded in 2013, the company offers a range of products including fixed-rate loans, working capital loans, corporate credit cards, and payment solutions, as well as life insurance and personal debt transfer services. Konfio utilizes a proprietary algorithm that leverages data and technology to assess creditworthiness, enabling access to credit for clients who have been underserved by traditional banking. By offering competitive rates and convenient services, Konfio aims to enhance the growth and productivity of SMEs in Mexico.

Shiprocket

Series E in 2021
Shiprocket is an eCommerce shipping platform based in New Delhi, India, founded in 2017. It provides direct-to-consumer retailers with a cost-effective solution for shipping by utilizing a machine-learning-based data engine. This technology helps businesses select the most suitable courier service, generate shipping labels, and track orders from a centralized dashboard. In addition to its shipping services, Shiprocket also offers high-quality packaging materials through Shiprocket Packaging, ensuring brands and businesses of all sizes have access to necessary resources for their operations. With a focus on efficient and reliable service, Shiprocket aims to simplify the shipping and returns management process for its users across India.

Dunzo

Series E in 2021
Dunzo is a hyper-local delivery app based in Bengaluru, India, that connects users with nearby delivery partners to facilitate the swift delivery of various items, including groceries, food, medicines, and pet supplies. Founded in 2015 by Ankur Aggarwal, Dalvir Suri, Kabeer Biswas, and Mukund Jha, the platform aims to enhance the retail landscape by providing micro, small, and medium-sized enterprises (MSMEs) with digital tools to streamline eCommerce operations. In addition to delivery services, Dunzo offers a concierge feature that allows users to manage their everyday tasks and collaborate on to-do lists by connecting them with merchants and service providers. The company has attracted investment from notable backers, including Google and Alteria Capital.

Creditas

Series E in 2020
Creditas is a financial technology company that operates a digital platform that offers secured consumer loans. It uses credit scoring systems and borrowers’ assets, such as homes and automobiles as collateral to offer loans. Sergio Furio founded BankFacil in 2012 that later became Creditas. It has its headquarters in São Paulo in Brazil.

Dunzo

Series E in 2020
Dunzo is a hyper-local delivery app based in Bengaluru, India, that connects users with nearby delivery partners to facilitate the swift delivery of various items, including groceries, food, medicines, and pet supplies. Founded in 2015 by Ankur Aggarwal, Dalvir Suri, Kabeer Biswas, and Mukund Jha, the platform aims to enhance the retail landscape by providing micro, small, and medium-sized enterprises (MSMEs) with digital tools to streamline eCommerce operations. In addition to delivery services, Dunzo offers a concierge feature that allows users to manage their everyday tasks and collaborate on to-do lists by connecting them with merchants and service providers. The company has attracted investment from notable backers, including Google and Alteria Capital.

Aye Finance

Series E in 2020
Aye Finance is a financial services company that focuses on providing business loans to micro and small enterprises. The company aims to enhance financial inclusion by offering customer-centric financial solutions through the use of technology and efficient processes. Its range of services includes various loan and debt financing options designed to support the growth of small businesses. These financial offerings enable micro and small enterprises to acquire essential fixed and working assets, undertake renovations or construction of business facilities, and consolidate existing debts. Through its commitment to serving the needs of micro-enterprises, Aye Finance plays a pivotal role in fostering the development of this vital sector.

CargoX

Series E in 2020
CargoX is a technology-driven freight marketplace based in Sao Paulo, Brazil, established in 2013. The platform connects shipping companies with a network of over 1.4 million trucks, effectively addressing the issue of excess capacity in the transportation sector. By providing real-time information on available truck capacity, CargoX enhances freight visibility and helps shippers identify optimal solutions for transporting a wide range of products throughout Brazil. This approach not only reduces shipping costs for clients but also increases earnings for truck drivers while minimizing CO2 emissions associated with empty trucks on the road.
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