2014-06-03

Sequoia raises $530 million for Indian tech, health start-ups

Sequoia Capital has raised $530 million (Rs 3,100 crore) for early stage investments in India. With a total corpus of $2 billion to manage, Sequoia India now expects to \\\\\\\"double down\\\\\\\" on early stage investments across technology, consumer and healthcare.

Sequoia raises $530 million for Indian tech, health start-ups

Sequoia Capital has raised $530 million (Rs 3,100 crore) for early stage investments in India.  With a total corpus of $2 billion to manage, Sequoia India now expects to "double down" on early stage investments across technology, consumer and healthcare.

 

"We are big believers in global technology companies being built out of India," said Shailendra Singh, Managing Director, Sequoia Capital India.

 

"The new fund will have a disproportionate focus on early and early growth stage companies,' said Singh who leads the India office along with Abhay Pandey, GV Ravishankar, Mohit Bhatnagar and VT Bharadwaj.

 

The new fund which has a ten year horizon will deploy capital of up to $200 million every year in Indian ventures as well as in South-east Asia. For Sequoia India the challenge is to replicate the marquee exit performance of its parent firm which recently clocked one of the biggest exits in the industry when it earned $3 billion on an initial investment of about $60 million in messaging firm WhatsApp bought by Facebook earlier this year.

 

Singh said his firm is now returning more capital every year than it is deploying on investments. Some of the companies in the Indian portfolio companies like Mu-Sigma, Just Dial and Micromax command a valuation of over $1 billion (Rs 5,877 crore).

Related opportunities
  • Diamond & Platinum Wears
    About us  JS Solitaire is a renowned diamond jewelry brand with..
    Locations looking for expansion Delhi
    Establishment year 2010
    Franchising Launch Date 2025
    Investment size Rs. 5 Cr. above
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater New delhi Delhi
  • We started The Real Pizza Company in 2012 because of..
    Locations looking for expansion Haryana
    Establishment year 2012
    Franchising Launch Date 2024
    Investment size Rs. 50lakh - 1 Cr.
    Space required 1500
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Faridabad Haryana
  • Ice Creams & Yogurt Parlors
    About Melting Scoop Melting Scoop is an ice cream brand known..
    Locations looking for expansion Uttar pradesh
    Establishment year 2024
    Franchising Launch Date 2025
    Investment size Rs. 5lakh - 10lakh
    Space required 60
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Bishrakh Uttar pradesh
  • Sports & Gaming
    At The AllStars Academy we believe in setting children up..
    Locations looking for expansion Haryana
    Establishment year 1971
    Franchising Launch Date 2023
    Investment size Rs. 10lakh - 20lakh
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type Unit, Multiunit
    Headquater Faridabad Haryana
Insta-Subscribe to
The Franchising World
Magazine
tfw-80x109
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
email
mobile
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts

pincode
;
ads ads ads ads