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(also known simply as Lightbox) is in the midst of raising a new fund.

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On Monday morning, the Mumbai-based venture capital firm filed with the SEC revealing that it’s almost done raising capital for “Lightbox Ventures III.” The filings indicate that Lightbox has raised roughly $178 million out of a targeted $200 million for its third flagship venture fund. So far, nineteen limited partners have invested in the fund, which officially began accepting investment on September 3.

At $200 million, it would be the largest such venture fund raised by Lightbox to date. If successfully closed, Fund III would bring Lightbox’s total funds raised to approximately $392.2 million to date.1

Here’s the rundown of its prior fundraising activities:

• Lightbox’s first fund was $38.2 million, according to . A of Lightbox says its first fund acquired equity stakes in six companies: , , , , , and .
• Its , launched shortly after raising the first, topped out at $100 million, according to its . Financial advisory , last updated in June 2018, indicate that the gross asset value of Fund II is just under $160 million.
• Lightbox raised in late 2016.

Lightbox is not the only Indian VC firm to raise fresh capital recently. In late August, ºÚÁÏ³Ô¹Ï News reported that closed $695 million for its sixth India-focused fund. Also in August, announced it raised $300 million for . announced fetched in July. And in May, ºÚÁÏ³Ô¹Ï News broke the story that was in the thick of raising $450 million for its cross-border strategy.

The firm is led by , a former general partner at , who started Lightbox after his old firm shifted its investment focus to the United States. , , , and Sunny Rao joined the firm as its original partners. Rao left the partnership in 2016, but Murthy and the other three partners remain.

At time of writing, ºÚÁÏ³Ô¹Ï data indicates that Lightbox hasn’t made so far this year. But that may yet change in the remaining months of 2018.

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