Sequoia Poised to become Largest India-focussed VC Fund

9-sept

It won’t be an understatement to say that recently, investments have been pouring in the digital industry in India. With a vision of tapping the huge potential that the Indian markets provide, a number of investors have come forward to further pace the investments. And, Sequoia Capital India is right in front of the pack. Sequoia Capital India has unveiled that they are in a process of pooling in approximately $800 million (Rs 5,000 crore) for a new fund. This news comes close on the heels of Sequoia’s announcement of adopting an aggressive strategy to pace up investments in the country. The fundraising process is expected to commence in a period of 6 to 12 months with a motive of closing it in a quick time. The top Indian companies in Sequoia’s portfolio consists of:

  • Practo
  • Zomato
  • Just Dial
  • FreeCharge
  • Micromax
  • Mu Sigma
  • Vini Cosmetics
  • Ujjivan

The Global Companies in Sequoia’s Portfolio Consists of:

  • Whatsapp
  • Dropbox
  • Airbnb
  • Oracle
  • Cisco
  • Yahoo
  • Google
  • LinkedIn

Sequoia has already participated or led more than 75 deals exceeding $1.7 billion since the beginning of the last year. And, with approximately $2 billion under its management, the announcement of the new fund is poised to make them even more influential and the largest India-focussed VC Fund. The new fund will be the largest venture capital fund in India. According to data from VCCEdge. It participated in the $100-million round raised by budget stay startup OYO Rooms, the $90-million round of healthcare app Practo, and the $80-million round of digital payments firm FreeCharge (which has since been acquired by Snapdeal). “Sequoia has been able to balance its investments in new age businesses and older businesses in areas like life sciences (and) consumer quite well. Also, they have been one of the most prolific investors in terms of ability to get an exit,” said Sanjeev Krishnan, transaction services and private equity leader at PwC India. Since starting its operations in India back in 2006, Sequoia has invested in approximately more than 95 companies across several verticals such as tech, healthcare, consumer and financial services. This year saw Sequoia-backed Freecharge, a mobile recharge company, being acquired by e-commerce major Snapdeal post which the VC fund got a 3% shareholding in the Delhi-based e-commerce firm.

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