Lightbox 2.0 will enhance our operational expertise

Venture capital firm Lightbox Ventures is gearing up to raise a $200 million fourth fund. Managing director Sandeep Murthy discusses with Anees Hussain, the company’s strategic shift, and future plans. Excerpts:

Q. What’s behind Lightbox’s recent structural changes?

Initially, we relied on individual investors to drive value, but we’ve realised that investing and building require different skill sets. With ‘Lightbox 2.0,’ we are enhancing operational expertise. We’ve brought in Ashish Bhargava from True North, who has a decade of experience at Marico.