Archive · 22 Aug 2025
Lightspeed India Makes Profitable Exit from Healthcare AI Innovaccer
A company called Lightspeed India sold its part of Innovaccer, a company that uses AI in healthcare.
They made a good profit, about 30% return on their investment.
This happened because another big healthcare company, Kaiser Permanente, invested in Innovaccer.
Innovaccer's revenue is growing quickly.
The Indian part of Innovaccer also made a profit last year.
Innovaccer helps healthcare companies and has gotten lots of money to grow.
Some other AI healthcare companies are also getting a lot of money.
The healthcare market is growing as well.
Lightspeed India exited its stake in Innovaccer, a healthcare AI company.
Lightspeed India achieved an internal rate of return (IRR) exceeding 30% on its investment.
Kaiser Permanente's entry catalyzed Lightspeed's decision to sell its stake.
Innovaccer's revenue is reportedly rising 50% year-on-year, targeting $250M ARR in 2025.
Innovaccer's India entity revenue was ₹350.9 crore in FY24, with ₹32.6 crore in profits.
- Who
- Lightspeed India, Innovaccer, Kaiser Permanente
- What
- Lightspeed India exited its stake in Innovaccer.
- When
- Earlier this year
- Where
- Not specified in the article, but Innovaccer is headquartered in San Francisco and Noida.
- Why
- Catalyzed by Kaiser Permanente's entry and Lightspeed's investment goals.
Lightspeed's Perspective
Innovaccer's View
Investment Outcome
Lightspeed's Perspective
Successful investment and exit.
Innovaccer's View
Unclear
- Company
- Innovaccer
- Investor
- Lightspeed India
- IRR
- Over 30%
- Catalyst
- Kaiser Permanente investment
- Innovaccer Revenue Growth
- 50% YoY
- Innovaccer (India) Revenue FY24
- ₹350.9 crore
- Innovaccer (India) Profit FY24
- ₹32.6 crore