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Lightspeed India's new series reads an investment memo back to the founders it was written about. The first is SuperLiving, an AI health coach for users in tier 2 and tier 3 towns, which had 24,000 paid subscribers about four months in when Lightspeed wrote its memo at the Series A.
Lightspeed India
🔊 The Investment Memo, Episode 1 🎙️
Every partnership at Lightspeed starts with an investment memo, where our team writes down what it believes about a company before we partner with it. In The Investment Memo, our new series, we open that memo with the founders it was written about and read from it, so you can see how an early investment decision is made.
Our first episode is with @SuperLivingApp, which is building an AI health coach for India, starting with users in tier 2 and tier 3 towns. People already ask AI about their health, but they rarely get someone who checks in with them the next day, and SuperLiving's coaches remember each user and follow up, at a price most families can pay.
We partnered with Manavdeep Singh Grover and Gurjot Kaur early at SuperLiving's Series A. When we wrote our memo, the app had 24,000 paid subscribers after about four months. Both founders came from Pocket FM, and they have shaped the product around what their users asked for.
In the episode, Lightspeed Partner @kumarharsha2212 and Vice President @PriyalMotw89880 read our memo to Manavdeep and Gurjot section by section, from the team and market to the risks we noted, and discuss what has shifted since.
Watch the full episode here: https://tinyurl.com/SuperLivingPodcast
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