Lightspeed Venture Partners, which has backed the likes of ShareChat, Zetwerk, Oyo, Udaan and Magicpin, has appointed Vivek Gambhir and Kevin Aluwi as venture partners to expand its focus on India and Southeast Asia.
With more than 30 years of experience, Gambhir has served as the chief executive of Godrej Consumer Products, where he spearheaded the home and personal care company. He also served as the chief strategy officer of the Godrej Group. In his last role, Gambhir was the CEO of audio products and wearables brand boAt and transitioned into a board member role. He also sits on the boards of other consumer startups, including Mamaearth and Magicpin.
Kevin Aluwi was the CEO of Indonesian on-demand food and transportation service Gojek. At Lightspeed Venture Partners, he is expected to help founders across marketing, product and scale.
Lightspeed partner Bejul Somaia said, “… In their roles as Venture Partners they will be collaborating with founders, shaping their journeys, and contributing to the growth and development of our portfolio companies in the region.”
Lightspeed has invested in about 100 companies in India and Southeast Asia, focusing on sectors such as enterprise software, fintech, consumer and ecommerce. In April last year, it had raised $500 million for its fourth India and Southeast Asia fund. Prior to that, it had raised $275 million as part of its third India fund in 2020.