Lightspeed’s $500M Bet on India’s Tech Boom w/ Shuvi Shrivastava

India’s startup ecosystem is at a tipping point. With unicorn valuations correcting and global VCs recalibrating their bets, what does the future hold? 

In this episode of Billion Dollar Moves, we sit down with Shuvi Shrivastava, Partner at Lightspeed, one of the world’s most influential venture firms, to unpack India’s rise, venture capital shifts, and the billion-dollar opportunities ahead.

Whether you’re a founder, investor, or just someone tracking the next big global tech shift—this episode is packed with insights, bold plays, and lessons from the frontlines of India's venture boom.

Timestamps/Key Takeaways

0:00 - Intro

02:00 - How Shuvi landed at Lightspeed; The evolution of india’s startup ecosystem

04:47 - Privatisation in India and the cultural shifts

07:17 - India’s unicorn boom and global market corrections

11:47 - Lightspeed’s India strategy & forth fund at $500M

16:19 - The rise of India in the global supply chain; the blooming advance engineering industries

17:44 - India’s robust IPO pipeline and exit landscape

19:42 - The surprising slow AI adoption in India; what makes a venture-backable company in India

24:18 - Billion Dollar Questions

About Shuvi

At Lightspeed India Partners, Shuvi Shrivastava invests in early-stage consumer and fin-tech startups in India and Southeast Asia. In a previous role she sourced DarwinBox at its Series A and also sourced ed-tech startup Byju's which was recently valued at $8 billion. She has also worked as a consultant with Bain & Co., led business development and operations at an early-stage computer vision startup, Drishti Tech, in Silicon Valley (raised close to $15 million from Andreessen Horowitz and Emergence Cap), and ran her own startup Uttr Labs.

FOLLOW SHUVI:

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https://www.linkedin.com/in/shuvi-shrivastava/

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