Source: TechCrunch
Summary
Sequoia Capital India has reportedly still got more than 55% of its previous $650 million India fund available for deployment. This development comes at a time when the U.S. VC firm is gearing up to raise a new fund for the region. The existing fund was announced in 2021, with a focus on investing in startups across various stages. According to sources, Sequoia Capital India is expected to start investing from the new fund soon. The firm has been actively investing in Indian startups, with recent deals including a $100 million Series C round in SaaS startup Whatfix.
Our Reading
The announcement sounds ambitious. Sequoia Capital India’s new fund is expected to be larger than the previous one. The firm still has over $360 million from the previous fund to deploy. The new fund is likely to focus on investing in growth-stage startups. Because, of course, they need more money to throw at the same old ideas.
Author: Evan Null
