Lightrock

Lightrock is an investor that has backed Indian companies, including the electric three-wheeler maker Mahindra Last Mile Mobility and the e-commerce enablement platform Shiprocket. [1] source: Mint[2] source: Entrackr Entrackr described it as one of the late-stage investors in Shiprocket. [2] source: Entrackr

Mint reported in August 2026 that the latest round in Mahindra Last Mile Mobility, worth ₹322 crore, was led by Lightrock. [1] source: Mint Financial Express reported in July 2026 that Mahindra Last Mile Mobility raised the ₹322 crore from Lightrock, IFC and India-Japan Fund at a ₹10,822 crore post-money valuation, which gave it unicorn status. [3] source: Financial Express After the raise, Mahindra & Mahindra's stake is to decline to 75.79% from 78.11%. [3] source: Financial Express Mahindra Last Mile Mobility had FY26 revenue of ₹4,798 crore, against ₹2,367 crore in FY24. [1] source: Mint Forbes India reported in August 2026 that the company targets an IPO within 18-24 months. [4] source: Forbes India

Entrackr reported in August 2026 that late-stage Shiprocket investors including Lightrock may sell below cost, after Shiprocket cut its IPO size 31% to Rs 1,617.48 crore. [2] source: Entrackr Inc42 reported in August 2026 that the Shiprocket IPO drew a 99.38X subscription. [5] source: Inc42