Sequoia announces $1.35 bn venture, growth funds for India, Southeast Asia

Sequoia Capital India has secured $1.35 bn from LPs for  — a $525 mn venture fund and an $825 mn growth fund —  to ramp up investments in India and Southeast Asia. The new funds have come at a time when many investors have lost appetite due to the slowdown caused by the pandemic. The firm, so far, has helped 11 unicorns in the region. Start-ups like Byju’s, GoJek, Tokopedia, Zilingo, PineLabs, Unacademy, RazorPay, Khatabook are backed by Sequoia.

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