Post

Blue Chip Venture Capitalist Upbeat About India

Blue Chip Venture Capitalist Upbeat About India

Sequoia Capital‘s general partner, Douglas Leone is pleased with India. “We could not be more thrilled. We don’t have 25-30 category leaders in the United States; we don’t have [as many] in China right now, but we have it in India,” said Leone, whose fund has backed companies such as local search provider Justdial, restaurant listings service Zomato and data analytics firm Mu Sigma.

Interviewed in the Economic Times of India, the billionaire venture capitalist whose firm has backed Google, Apple, Tesla and Cisco said, “We are seeing startup companies [in India]  growing just as fast as we’ve seen in the United States.” The fund expects to catch startups younger, pour more money into those already in the portfolio and sniff out the best deals in India’s booming consumer Internet space. Sequoia has backed more than 100 companies in India and since 2011 it has invested $800 million in the country.

Leone said that Sequoia took a decision to stay away from online retail in India, a business that requires large amounts of capital and where profits are hard to come by. “We think it is a big top line space, but difficult to figure out when it is going to be a big bottom line space,” he said about India’s online retail sector. Domestic market leader Flipkart has raised $1.2 billion this year alone and Amazon’s Jeff Bezos has pledged to invest $2 billion in India.

India is the “next land of opportunity for entrepreneurship” and Sequoia is looking to make the most of it.

Share

About Amritt

Who We Are

Small or big, your business will love our financial help and business consultations! We are happy when our clients are too… Actually, this is quite simple to achieve – because each time we help them in sorting out different accounting intricacies or save the day before filing the taxes, they are happy indeed! And so are we.   

We have over Twenty years of experience helping our clients succeed in India
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Blog
Page
Dictionary
Comparisons
Capabilities
India Business Guide
Services
Private
Speaking
Insights
White Papers
News
Newsletters
Clients
Case Studies
Companies In India
Webinars
Presentations
Industries