Sequoia Capital announced that it has received commitments of $1.35 billion for new investments in India and southeast Asia.. According to Shailendra Singh, Managing Director, Sequoia India, the three Sequoia India funds will continue to invest across India and Southeast Asia (SEA). They will be used to double down on...
SoftBank Invests Over $200 Million in India's Online Grocer
Japan's SoftBank Group led an investment round of more than $200 million in New Delhi-based online grocery startup Grofers India through its Vision Fund. The series F funding saw participation from new investor, KTB of South Korea, and existing investors Tiger Global Management of New York and Sequoia Capital of...
Sequoia to Raise $1 Billion India-Focused Fund
Menlo Park, California-based Sequoia Capital plans to raise up to $1 billion for its sixth India-focused fund, making it the largest corpus raised for India markets. The corpus will be raised across multiple vehicles, such as as venture capital focused on technology companies, and growth-stage capital focused on consumer and...
MedGenome India Commits $10 Million to Genome Project in S. Asia
GenomeAsia 100K, a project that seeks to peformm whole genome sequencing on 100,000 people in South Asia, and funded by an alliance of for-profit companies and academia, has announced that Bangalore-based MedGenome will contribute $10 million to become a founding member. “This is the only large population sequencing initiative that...
Budget Hotel Entrepreneur Raises $125 million
21-year old Ritesh Agarwal has created India's largest network of budget hotels in less than two years. "I am not being arrogant when I say I re-imagined how new-age hospitality will look like. In just one and a half years we are bigger than the country's largest hotel group by...
Sequoia Capital to Raise India-Focused VC fund
Global venture capital firm Sequoia Capital has formally registered a new investment vehicle Sequoia Capital India V with the U.S. capital market regulator Securities and Exchange Commission early this month to invest in India, reports VCCircle. The company expects its fundraising process will take more than a year. While it...