Sequoia Capital has raised its fourth India-focused fund of $530 million to step up its early growth investment activities in India.
The new fund will invest primarily in the Technology, Consumer and Healthcare sectors. With this fund raise, the total capital committed to Sequoia Capital's India focused funds equals approximately $2 billion.
Sequoia Capital India makes seed, venture and growth investments which range from hundred thousand dollars to over $50 million. The scope of the new fund has been extended to include investment opportunities in South East Asia. Sequoia Capital has had an office in Singapore since 2012, said a company release.
Sequoia Capital has now been investing in India for 8 years and has invested in over 75 companies including 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 Capital India Advisors is led by five managing directors - Abhay Pandey, GV Ravishankar, Mohit Bhatnagar, Shailendra Singh and VT Bharadwaj.