In a bid to expand its investment portfolio in India, the US-based venture capital firm, Sequoia Capital has raised another $210 Mn to its existing $530 Mn India fund.
With this additional funding, the venture capital firm will get a easy hand to look out for more deals in tech companies. As per the reports, the $210 Mn has been raised by the same set of limited partners or LPs, investors who provide capital to funds.
Just recently, Sequoia-backed Freecharge, a mobile recharge company, was acquired by homegrown online marketplace Snapdeal for an estimated $400 million. It is to be noted that Sequoia gets a 3% shareholding in the Snapdeal post acquisition.
Since it started operations in India back in 2006, the fund has invested in 100-plus companies across sectors such as tech, healthcare, consumer and financial services. Earlier in last year, Sequoia had announced its fourth India-focused fund taking its total capital committed in India to almost $2 Bn.
Sequoia Capital India specializes in investments in startup seed, early, mid, late, expansion, public and growth stage companies. It invests between $100,000 and $1 Mn in seed stage, between $1 Mn and $10 Mn in early stage and between $10 Mn and $100 Mn in growth stage companies.
In 2015 so far, Sequoia-led deals have accounted for more than 12% of all Indian startup venture rounds and 33% of capital raised by those startups in 2015. The venture capital firm targets sectors like Energy, Enterprise, Financial, Healthcare, Internet, Mobile and has presence in China, India, Israel, United States region.
Its portfolio in India includes, PepperTap, Grofers, TinyOwl, Homelane, Practo Technologies, Capital Float, Capillary Technologies, Druva Software, Micromax Technologies, Just Dial and Zomato.
The other venture capital firms are also looking out to raise funds in an extremely competitive market fuelled by the advent of hedge funds and investment firms.
Other Venture Firms To Look Out For-
Accel Partners – Recently, the firm has raised $305 Mn for its new India-focused fund.
SAIF Partners – The venture firm has recently raised $350 Mn for its India-dedicated fund.
Helion Venture Partners – Helion Venture Partners is planning to float its fourth fund this year, whose size is expected to be $200-250 Mn.
Kalaari Capital – Going to raise $200-250 Mn fund.
IDG Ventures India – It had raised $250 Mn for its second India fund late last year.
Matrix Partners India – It is expected to announce a new fund early next year.
Nexus Venture Partners – The firm is in talks with limited partners to raise up to $400 Mn for its next fund.
IvyCap – It is aiming to raise around $200 Mn in its second fund.
Mayfield Partners – It had scooped $108 Mn in its second India-focused fund
Inventus Capital Partners – The venture firm raised $106 Mn fund in 2014.
As per the reports, over $4 Bn in capital was invested in internet and mobile companies in 2014 with ecommerce alone guzzling up $3 Bn however, these were largely all growth-stage rounds.