Lightspeed India Partners I, LLC
Lightspeed India Partners · adviser of record: Ashwood Capital Management LTD · 2015 vintage
Lightspeed India Partners I, LLC is a 2015 venture fund managed by Lightspeed India Partners, with $135mm raised (Form D, amount sold). It reported $215mm in gross assets at year-end 2025, 1.59x its size, against a peak of $888mm in 2021.
- Latest value held
- $215mm year-end 2025
- Peak
- $888mm year-end 2021
- Fund size
- $135mm Form D, amount sold
- Held vs. size
- 1.59x peak 6.58x
Value held by year-end
Gross asset value reported on Form ADV at each year-end. Dashed line: fund size. Open in the Fund Tracker
| Year-end | Gross assets | ÷ size | Change |
|---|---|---|---|
| 2025 | $215mm | 1.59x | -45% over 2 yrs |
| 2023 | $392mm | 2.90x | -43% |
| 2022 | $690mm | 5.11x | -22% |
| 2021 | $888mm | 6.58x | +81% |
| 2020 | $490mm | 3.63x | +36% |
| 2019 | $360mm | 2.67x | – |
What public pensions report
| Investor | As of | Commitment | Cash back (DPI) | Total (TVPI) | Still held |
|---|---|---|---|---|---|
| PA SERS | 2020-12-31 | $15mm | 0.12x | – | – |
Latest report from each pension, as multiples of paid-in capital. Michigan reports dollar value held, shown under Still held.
Other funds from Lightspeed India Partners
- Lightspeed India Partners IV, LLC 2022
- Amplify III PCC 2022
- Amplify IV PCC 2022
- Lightspeed India Partners III, LLC 2020
- Lightspeed India Partners II, LLC 2018
All Lightspeed India Partners funds
About these numbers
Gross asset value is what the manager reports holding in the fund at each fiscal year-end, on SEC Form ADV, Schedule D. It includes the GP’s own commitment and is before carried interest, so it is not the LPs’ net return, and it does not show cash already distributed. A fall in value can mean distributions, markdowns or both. Fund size is the amount sold reported on Form D, which for some funds reflects only a first close. Private fund ID 805-6076943278. Data updated October 13, 2026.
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