Lightbox

Our Story

Lightbox is a Mumbai based venture capital firm investing in early-growth brands that India will obsess over tomorrow. We back consumer businesses where product is the champion and tech a catalyst. We manage ~$400 million and have built a portfolio with a cumulative value of $3 billion.


Lightbox has a stellar track record building market leading companies. The team, led by Sandeep Murthy, has been investing in India since 2005, having backed 27 companies which include InMobi, Info Edge, Cleartrip, Rebel Foods, Bombay Shirt Company, Furlenco, Nua, Zeno Health and Cityflo.

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We make it Happen

Lightbox goes all-in with a few handpicked entrepreneurs and builds with them to organize India's large, unorganized consumption markets. We take concentrated bets in ideas that will trend five years from now with sizable ownership in each of these companies. This positions us to create disruptive value across our portfolio.


Beyond Capital

The world today is different from the world 20 years ago, and the world 20 years from now will be different from what we see today. 20 years ago, the conversation was about Computer penetration and Landlines. Nobody was talking about Mobile Phones and AI. It is changes like these that create opportunities. As entrepreneurs navigate these systemic changes and build businesses around them, the journey is inherently uncertain and complex, with outcomes that are rarely predictable.


In a world defined by change, the destination may be years away. Hence to navigate it, you need a partner who has seen these moments before. We partner with our companies beyond capital and walk this path alongside them.

Our Portfolio

We don’t just think outside the box.

We Lightbox it.