Sequoia Capital Secures $4 Bn Across Four Funds

SUMMARY

Sequoia Capital India Fund Bags $700 Mn For Indian Market

US-based venture capitalist Sequoia Capital has raised $4 Bn funding, as per the latest SEC filings.

The recently raised funds will be used for infusing capital into various funds. Apart from this, the filings also revealed that the second growth fund – Sequoia Capital Global Growth Fund II, L.P. has received about $2 Bn.

Other filings by the VC firm suggest further investment in other funds. For instance, a filing for Sequoia’s China Growth Fund IV, revealed that Sequoia has raised about $900 Mn to invest in startups in the Chinese market.

Along with this, the filings for Sequoia Capital India reveal that the VC firm has raised about $700 Mn for the Indian market.

Sequoia Capital In India

Earlier in April 2015, the VC firm expanded its investment portfolio in India, when it raised another $210 Mn to its $530 Mn India fund at that time.

In April, 2017 it was reported that the VC firm concluded a $180 Mn secondary stake sale of eight of its portfolio companies to Madison Capital. The report further added that Sequoia divested small stakes in Pine Labs, Star Health, and India Shelter Finance Corporation, along with 1.5% ownership in Snapdeal. It also fully exited from its investment in Micromax and legal process outsourcing firm UnitedLex.

Sequoia started operations in India in 2006. Till date it has invested in over 100 companies across sectors such as, healthcare, consumer and financial services.

The VC firm debuted 2017 with Bengaluru-based online healthcare platform Practo that raised $55 Mn Series D funding in a round led by Tencent. This was followed by Urban Ladder funding in February 2017. The online furniture retailer raised about $15.2 Mn from existing investors. The VC firm also participated in the extended $6.4 Mn Series C round of Pune-based online food delivery startup Faasos. In the same month collaborative coworking space provider Awfis raised $20 Mn from Sequoia India. Later the same month Gurugram-based travel search marketplace ixigo secured $15 Mn in its Series B round of funding led by Sequoia Capital. Other Sequoia Capital investments include Grofers, Ola, Zomato, etc.