June 15

Sequoia Raises $2.85 Billion to Keep Financing Entrepreneurs in India, Southeast Asia

Despite a stock market crash shaking digital companies, Sequoia India and Sequoia Southeast Asia raised $2.85 billion across three funds to continue financing entrepreneurs in the region. Sequoia is introducing a specific Southeast Asian fund worth $850 million for the first time, while the Indian venture and growth funds will receive $2 billion.

“Today we are pleased to announce the launch of our first dedicated SEA fund, Sequoia SEA Fund I, an $850 million corpus that we will use to partner with the next generation of founders on a mission to build enduring companies from the region,” the firms said in the post.

Source: Live Mint (link opens in a new window)

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