Sequoia Capital raises US$530 million to fuel Indian startups

The fund will invest primarily in tech, consumer and healthcare sectors. Its scope has also been extended to include opportunities in SEA

sequoia_title

Remember Sequoia Capital, the venture capital firm that recently invested in South Korea’s ‘everything’ store Coupang? Well, it is now going to invest in Indian startups.

The American firm has raised its fourth India-focused fund of US$530 million to ramp up its investment activities in India (via Reuters).

Although intended to focus on India, the fund will also look for opportunities in Southeast Asia, and will invest primarily in technology, consumer and healthcare sectors.

With the recent fund raise, the total capital committed to Sequoia Capital’s India-focused funds is approximately US$2 billion. The fund has made seed, venture and growth investments ranging from a few hundred thousand dollars to over US$50 million in India over a span of eight years.

Also Read: Amazon launches Kindle Cloud Reader service in India

This interest is due to a combination of both, the new Narendra Modi government’s initiative to kick-start economic growth in the region, and a rising interest by foreign investors residing there.

Its portfolio in India, which has around 75 companies, includes Capillary Technologies, Micromax, Just Dial, Zomato, Quickheal, Truecaller, etc.

Its most notable investments include Google, Cisco, Apple, NVidia, YouTube, and a load of others. Don’t be too surprised if your favorite tech brand is sponsored by these guys.

Inputs by Jonathan Toyad and Twishy

e27 Editorial Staff

Keeping a pulse on Asia's emerging technology and business sectors, e27 brings users the latest news, analysis and events that impact Asia's tech industry.

Related posts

Top