Sequoia Closes $920 Mn For New Fund, Plans To Invest Heavily In Indian Startups

Sequoia Closes $920 Mn For New Fund, Plans To Invest Heavily In Indian Startups

The Silicon-based venture capital firm, Sequoia Capital, has managed to close $920 Mn fund capital to invest majorly in Indian startups along with South East Asian companies.

This has been identified as the biggest fundraise by any VC fund for India-specific investments. With this fundraise, venture fund’s asset value has increased to more than $3 Bn.

Sequoia has been bullish in the Indian startup fraternity. It has closed big deals like investing $100 Mn in budget accommodation startup Oyo Rooms$90 Mn in healthcare app, Practo, and $80 Mn in FreeCharge. It also invested $20 Mn in Groupon India and helped it break away from its Chicago-based parent company. According to its website, the VC fund has invested in over 90 startups in India which includes companies like Mobikwik, BankBazaar, Capital Float, CarDekho, CleverTap, Craftsvilla, Druva, Just Dial, Zomato, among others.

Indian startups that Sequoia recently invested are consumer tecchnology company CREO and craft beer company Bira91.

The news to raise about $800 Mn for its fifth India-centric fund surfaced the media in September 2015, when Sequoia expressed its plans to steadily become the largest venture capital firm in India.

Earlier, Sequoia had added another $210 Mn to its existing $530 Mn India fund which it had raised in 2014.


Welcome to Flash Feed, your essential source for breaking news and innovation from around the web – bite-sized and updated all day.


You have reached your limit of free stories
Become An Inc42 Plus Member

Become a Startup Insider in 2024 with Inc42 Plus. Join our exclusive community of 10,000+ founders, investors & operators and stay ahead in India’s startup & business economy.

2 YEAR PLAN
₹19999
₹7999
₹333/Month
Unlock 60% OFF
Cancel Anytime
1 YEAR PLAN
₹9999
₹4999
₹416/Month
Unlock 50% OFF
Cancel Anytime
Already A Member?
Discover Startups & Business Models

Unleash your potential by exploring unlimited articles, trackers, and playbooks. Identify the hottest startup deals, supercharge your innovation projects, and stay updated with expert curation.

Sequoia Closes $920 Mn For New Fund, Plans To Invest Heavily In Indian Startups-Inc42 Media
How-To’s on Starting & Scaling Up

Empower yourself with comprehensive playbooks, expert analysis, and invaluable insights. Learn to validate ideas, acquire customers, secure funding, and navigate the journey to startup success.

Sequoia Closes $920 Mn For New Fund, Plans To Invest Heavily In Indian Startups-Inc42 Media
Identify Trends & New Markets

Access 75+ in-depth reports on frontier industries. Gain exclusive market intelligence, understand market landscapes, and decode emerging trends to make informed decisions.

Sequoia Closes $920 Mn For New Fund, Plans To Invest Heavily In Indian Startups-Inc42 Media
Track & Decode the Investment Landscape

Stay ahead with startup and funding trackers. Analyse investment strategies, profile successful investors, and keep track of upcoming funds, accelerators, and more.

Sequoia Closes $920 Mn For New Fund, Plans To Invest Heavily In Indian Startups-Inc42 Media
Sequoia Closes $920 Mn For New Fund, Plans To Invest Heavily In Indian Startups-Inc42 Media
You’re in Good company