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Lightspeed appoints Rohit Kaul as marketing head

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Date
Company
Lightspeed Venture Partners
What it does
Venture capital firm
Kind
People
Sector
Professional & Local Services

What they do

Lightspeed Venture Partners is a venture capital firm that invests in startups

What happened

It has appointed Rohit Kaul as its new marketing head, replacing Mansi Chugh who left after nearly four years

Why it matters

The hire comes as Lightspeed sharpens its focus on India and Southeast Asia and is reportedly raising a new $500 million fund

The details

  • Lightspeed Venture Partners has appointed Rohit Kaul as its new marketing head.
  • Kaul replaces Mansi Chugh, who exited the firm after nearly four years.
  • Kaul was previously VP Marketing at Blume Ventures since February 2023.
  • Earlier, he worked at Sacra and HCL.
  • Chugh joined Lightspeed in 2022 and led the build-out of its marketing and communications function.
  • Before Lightspeed, Chugh worked at MakeMyTrip, Marriott International, FleishmanHillard, MullenLowe Lintas Group, First Partners, and Hanmer MSL.
  • Earlier, another marketing head Carina Chopra also left after about 3.5 years.

The bigger picture

  • The appointment comes as Lightspeed sharpens its focus on India and Southeast Asia amid a funding slowdown.
  • Lightspeed is reportedly raising its fifth India and Southeast Asia fund, targeting around $500 million.
  • The firm's portfolio includes OYO, Udaan, ShareChat, PhysicsWallah, and Pocket FM.

About the business

  • Lightspeed Venture Partners is a venture capital firm that invests in early-stage and growth-stage startups.
  • It operates globally with a strong focus on India and Southeast Asia.
  • The firm backs companies across sectors such as consumer internet, enterprise software, and fintech.
  • Notable portfolio companies include OYO, Udaan, ShareChat, PhysicsWallah, and Pocket FM.
  • Lightspeed typically invests at Series A and beyond, providing capital and operational support.

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