India, May 15 -- PE fund Lightrock expects to allocate a meaningful percentage to India from its new $500 Mn energy-focused fund 'Accelerate7', which is expected to back companies advancing United Nations' Sustainable Development Goals 7.

"India, just from the impact and commercial perspective, is going to be a meaningful market for the overall fund. Given the fund's objectives of access to electricity and clean cooking, the opportunity here is large," Aayush Parwal, principal at Lightrock, told Inc42.

Overall, the fund will invest in companies across Southeast Asia, South Asia and Sub-Saharan Africa.

In India, the fund will look to back growth stage startups working in segments like energy storage, electric mobility, sustainable energ...