wordpress blog stats
Connect with us

Hi, what are you looking for?

Sequoia Capital India closes its sixth fund at $695M

Betting in India

Sequoia Capital India has closed its sixth fund at $695 million to invest in early and growth stage companies in India and Southeast Asia. It will use the funds to ‘double down’ on investments in the technology, consumer and healthcare sectors. With this investment, Sequoia becomes the biggest venture capital firm in the country with total assets under management in India standing at $3.9 billion, reports the Economic Times. This is despite trimming down the size of the latest fund. While the $695 million fund seems massive on paper, reports indicate that Sequoia cut down its fund size from around $1 billion due to concerns over the performance of the startups in the country. In fact, the fund size is also lower than its previous round for India, which stood at $920 million, which at the time was reportedly the largest ever VC fund for India. However, other reports suggest that going forward, the company may choose to make other larger investments in the country (and South East Asia) via its massive $8 billion global growth fund. Over the past 12 years, Sequoia Capital has invested more than $2 billion in India, including in Zomato, Freshworks, JustDial, Healthkart, OYO, Citrus, Faasos, FreeCharge, Grofers, Mobikwik, Pine Labs and Practo etc. Sequoia India doesn't have a dedicated fund for other South East Asian countries, and directs all its investments through Sequoia India. Its investments there, which account for 20-30% of Sequoia India's investments, by value, include in companies like Go-Jek, Tokopedia and Traveloka. The…

Please subscribe/login to read the full story.
Written By

MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.

Views

News

Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement

News

Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?

News

A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'

News

India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...

News

There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data

You May Also Like

News

Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...

Advert

135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...

News

By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...

News

Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...

MediaNama is the premier source of information and analysis on Technology Policy in India. More about MediaNama, and contact information, here.

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ

Subscribe to our daily newsletter
Name:*
Your email address:*
*
Please enter all required fields Click to hide
Correct invalid entries Click to hide

© 2008-2021 Mixed Bag Media Pvt. Ltd. Developed By PixelVJ