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.


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Inc42 Magazine is an online startup magazine that covers some of the best startups and entrepreneurs in the India ecosystem. We also feature numerous guest posts and resources by leading experts from across the industry, including many from the Silicon Valley and Bay Area.
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