Sequoia Capital India has announced the closing of its second growth equity fund dedicated to India. $725 million has been raised to invest in late-stage, pre-IPO and public market investments. Sumir Chadha, MD of Sequoia Capital India has said that the new fund will focus on companies with a topline of over $50 million. Thus the investment size is also set to increase - to $20-70 million. Sequoia doubled its money in Idea Cellular (invested $45 million and got $90 million), which listed last year. Around six to eight of their companies could go public within the next 12-18 months. A fairly detailed interview at VCCircle. -- Ideacts Gets $5 Million From Sequoia Capital; Launches Cybercafe Focused, Ad-Supported Product CLINCK -- SatNav Raises $7 Million From Sequoia Capital India
