09th May 2024 – Ishaan Preet Singh, co-founder of Ed-Tech startup FrontRow, has rejoined venture capital (VC) firm Lightspeed India as an investor. Singh announced his return in a LinkedIn post, expressing excitement about investing in early-stage startups in India, particularly in sectors like consumer internet and artificial intelligence (AI).
After shuttering FrontRow, Singh realized his passion for investing while helping friends build companies during his sabbatical. His prior experience at Lightspeed India as an investor adds to his expertise in identifying promising startups.
Ishaan Preet Singh cited the significant growth of the Indian startup ecosystem over the past decade as inspiration for his return to investing. He believes that the next decade will be equally transformative, with consumer tech companies emerging as the largest in the country and AI revolutionizing various industries.
Singh’s appointment at Lightspeed India coincides with a period of change in the Indian VC landscape, marked by top-level resignations and restructuring in various firms. Lightspeed India itself has faced challenges with investments in startups like Udaan and ShareChat, which have seen valuation markdowns.
However, Ishaan Preet Singh’s return brings fresh perspective and experience to Lightspeed India, potentially contributing to the firm’s future success in identifying and nurturing promising startups. His focus on consumer tech and AI aligns with the evolving trends in India’s startup ecosystem, indicating a strategic move by Lightspeed India to stay ahead in the competitive VC market.
Conclusion
Ishaan Preet Singh’s return to Lightspeed India underscores the continued growth and dynamism of the Indian startup ecosystem. His expertise and insights are poised to shape the firm’s investment strategy and support the development of innovative startups that drive positive change in India and beyond.
Source:Link
