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.