Global venture capital firm Sequoia Capital closed its sixth Indian fund, at $695m.
The new vehicle – which underscores Sequoia’s commitment to India and SEA, where they have made over 200 investments so far – will be used to double down on investments in both early and growth stage companies in the technology, consumer and healthcare sectors across India and Southeast Asia (SEA).
Backed companies include Mobikwik, India Shelter Finance, Healthkart, Grofers, Faaso’s, Zilingo, Bira, Byju’s, One Championship, Zomato, Mu Sigma, Freshworks, Druva, Five Star Finance, Pine Labs, Go-Jek, OYO Rooms, Practo, and Tokopedia etc.
Exits include GlobalLogic, Star Health, Scio Health Analytics, Prizm Payments, Freecharge, Citrus, Prataap Snacks, JustDial, Ujjivan, Equitas and QuickHeal.
The fund will focus on investment opportunities in mobile internet, online brands, enterprise SaaS, AI, crypto, deep tech, healthcare, new age consumer brands and beyond in India and SEA.
In conjunction with the close of the new vehicle, Sequoia Capital India promoted several key team members including:
– Abheek Anand, who has been promoted to Managing Director,
– Ishaan Mittal, who will become Principal in the growth team,
– Sakshi Chopra, who will become Principal in the growth team,
– Ashish Agarwal, who will become Principal in the venture team, and
– Harshjit Sethi, who will become Principal in the venture team.
In addition, Abhay Pandey left the firm.
FinSMEs
22/08/2018