Top-tier venture capital firm Lightspeed Venture Partners has become the latest marquee investor to say it will set up operations for the Southeast Asian region and establish its headquarters in Singapore, which has become the favoured destination for an increasing number of investors.

Lightspeed, which manages over $10 billion of committed capital, is also setting up a dedicated investment team for the region, which includes two India partners – Bejul Somaia and Akshay Bhushan.

“We’ve been actually investing in the region since 2018, and that’s generally been our model when we look at a market, we start investing out of our existing fund and when we feel that an ecosystem is starting to pick up, that’s when start thinking of having a local office and local presence,” Bhushan told ET

Read more at The Economic Times