Sequoia Closes Fund

MUMBAI -- Sequoia Capital India, India's leading venture capital investment firm, today announced that it recently closed a $400 million fund to invest in later stage and growth capital opportunities across sectors in India. The new fund will broaden the firm's historical focus on early to mid stage companies to include investments in expansion and growth stage businesses. The firm currently manages around $750 mm of venture capital funds for India.

Sequoia Capital India has been one the most active investment firms in India and has invested in over 25 companies over the past few years, including market leaders such as Applabs, Bharti Telesoft, Café Coffee Day, ICICI OneSource, Indiatimes, Indecomm and marketRx. All Sequoia Capital India funds are managed by the four current Managing Directors of the firm - Sumir Chadha, KP Balaraj, SK Jain, and Sandeep Singhal.

Speaking on the launch of the fund, Sumir Chadha, Managing Director, Sequoia Capital India said, "We are pleased to announce the closing of Sequoia Capital India Growth Fund I, which we capped at $400 mm, our third fund for India. This fund will allow us to offer the powerful Sequoia Capital platform of knowledge, global relationships and resources to founders and management from the early days of company formation and product development to the business expansion and revenue ramping stage."

"We will continue to be one of the most aggressive investors in high growth companies in India across growth capital and venture, and are excited about the number of high quality companies and management teams we are engaged with for a potential partnership with our firm," said KP Balaraj, Managing Director, Sequoia Capital India.

Sequoia Capital