Sandeep Murthy

Sandeep is a builder of India’s flourishing consumer internet economy. In a career spanning more than two decades, he has changed lanes from investment banking to entrepreneurship to eventually, venture capital. His venture capital journey started in 2005 with leading investments for Silicon Valley based Sherpalo Ventures in iconic consumer internet companies such as Info Edge and InMobi. He also played a central role in scaling online travel platform Cleartrip, a Sherpalo portfolio company, as its CEO for three years.
In 2014, when new-age consumer brands started to emerge as challengers to incumbent players, Sandeep decided to build a differentiated venture capital firm to address that opportunity and Lightbox was born. His early experiences, which included founding and selling a US-based digital music management startup to Sony Music, became the foundation for Lightbox’s hands-on, deep engagement investment philosophy. The firm’s willingness to apply a private equity style engagement model to venture capital differentiates it from peers and drives value for investors. “We are betting on our ability to not just pick companies but work with them to create value,” he says.
Investing in startups, for Sandeep, presents an opportunity to work at solving hard problems that have the potential to exponentially impact large markets. When evaluating a startup, he looks for entrepreneurs who have unique insights into a market, are tenacious enough to turn those insights into viable solutions and an ability to think outside the box, while still working in a disciplined and structured fashion.