We would like to invest in a biz throughout its life cycle: Sandeep Murthy

The larger fund size gives us capacity to work with our entrepreneurs to ensure they can scale their businesses to a significant level, says Saneep Murthy, partner at Lightbox Ventures

Venture Capital firm Lightbox Ventures has raised $178 million (Rs 12.9 billion) for its third fund and hopes to touch $200 million by the end of 2018. Sandeep Murthy, partner at the Mumbai-based entity, shares with Ranju Sarkar in an e-mail interview the fund's strategy and how earlier investments have done. Edited excerpts:

How will your third fund be different from the second one? 

While it is larger, our strategy of doing fewer deals and investing in a business throughout their life cycle will be consistent. We continue to focus on quality over quantity. The larger fund size gives us