Mumbai: Lightbox India Advisors Pvt. Ltd expects 10 out of its 14 portfolio companies in India to turn profitable over the next year, a top executive at the venture capital firm said.
The company, which entered India in 2014 by acquiring six portfolio firms of venture firms Kleiner Perkins Caufield & Byers (KPCB) and Ram Shriram-led Sherpalo Ventures, has raised $450 million across three funds over the last decade and has backed the likes of Dunzo and Rebel Foods.
“If I look at where we sit today with the current portfolio, within the next nine months, six companies will get to profitability. Within the next 12 months, another four will turn profitable. And they will get there by growing smart, improving margins," Sandeep Murthy, partner, Lightbox India, said in an interview.
He declined to name the startups that will become profitable.
Bu hikaye Mint Mumbai dergisinin October 18, 2023 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin October 18, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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