One of the oldest VC firm in the world Sequoia Capital has raised $530 million for its fourth India-focused fund, taking its total investments in the country to nearly $2 billion reports Venturebeat
Established in 1972 Sequoia Capital is one of the silicon valley's oldest VC firm and known for investing in seed stage, start-up stage, early stage, and growth stage companies and has even backed big names like Google, Apple, YouTube, Yahoo and WhatsApp in their early times.
The newly raised funds by Sequoia will primarily be focused mainly on technology, healthcare, and consumer-oriented business for companies from seed to growth levels.Sequoia Capital has invested in over 75 companies of India and these include Capillary Technologies, Druva, Just Dial, Micromax, Mu Sigma, Pine Labs, Prataap Snacks, Quickheal, SCIO Analytics, Star Health, Stovekraft, Truecaller, UnitedLex, Vasan, Vini Cosmetics, Via and Zomato.
Sequoia estimates that 19% of the NASDAQ’s value is made up of firms that they have invested in. The VC firm invests between $100,000 and $1 million in seed stage, between $1 million and $10 million in early stage, and between $10 million and $100 million in growth stage.
A Sequoia press release stated:
Sequoia Capital has now been investing in India for 8 years and has invested in over 75 companies. Many of these companies are category leaders. These include Capillary Technologies, Druva, Just Dial, Micromax, Mu Sigma, Pine Labs, Prataap Snacks, Quickheal, SCIO Analytics, Star Health, Stovekraft, Truecaller, UnitedLex, Vasan, Vini Cosmetics, Via and Zomato.
Sequoia has been quoted by Wall-Street, as one of Silicon Valley's most influential venture-capital firms has invested almost all big brands in India such as - Micromax, Justdial, Zomato or Druva.
The amount of funding pouring in India has ramping up gradually, with this year the investments made by foreign based funders and VC firms are almost double of previous year. Almost every week every a startup is being funded especially in web and e-commerce section.
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