Initializing...

Top Retail Brands

Sequoia Capital to invest $920M Fund in Indian Start-ups

With a clear motive of investing in Indian startups as well as South East Asian companies, Silicon-based VC firm, Sequoia Capital has raised a mammoth $920 million fund.

Tags: Sequoia Capital, Investment, Silicon, Indian Startup, Fund

BY Indian Retailer Bureau  |  Feb 02, 2016  |  comments ( 0 )  | 
Sequoia Capital to invest $920M Fund in Indian Start-ups

With a clear motive of investing in Indian startups as well as South East Asian companies, Silicon-based VC firm, Sequoia Capital has raised a mammoth $920 million fund. This has been the biggest raise by any VC firm for India-specific investments, consolidating Sequoia‟s total assets under management to more than $3 billion.

The firm has backed companies like Practo , OYO Rooms, , Grofers, Craftsvilla, FreeCharge (acquired by Snapdeal) and Roadrunnr among others. Till now It has invested in more than 100 companies since 2006.

In April 2015, Sequoia added another $210 million to its existing $530 million India-focused Fund IV. Last year, the firm was planning to raise its fifth fund and the amount was estimated at around $800 million.

In January this year, Silicon Valley-based venture capital firm, Storm Ventures launched a $10 million fund to make investment in Indian SaaS startups.





Related Articles

  • Trends
    Sequoia Capital to buy
    New Delhi: US-based venture capital firm Sequoia Capital is likely to grab 30% stake in
  • Logistics & Supply Chain
    Amazon gets larger with
    Online giant Amazon is all set to open its largest fullfillment centre in Hyderabad. Besides, this
  • Auto
    Flying high with
    Leading marketplace Droom for automobiles all set to enter the aerial vehicles category-JetSetGo
  • Eretail
    Itís pouring money for
    Silicon Valley based seed fund and startup accelerator 500 Startups is in the process of raising
  • Investments
    Indian Value Fund
    Private equity firm India Value Fund Advisors (IVFA) has reached a first close of $500 million on

Comments

Rating  

Please add your comment:

Not readable? Change text.

Enter the characters as seen on the image (case insensitive)

Notify me of followup comments via e-mail

Subscribe for daily newsletter