American venture capital firm Sequoia has invested 20 million dollars in Indian daily deals and local commerce service Groupon that has not kept its plans to explore strategic options for its holdings in Asia undisclosed.
According to Tech Crunch, the deal has not yet been made public but announced to some senior staff.
The plan is for Groupon India to raise another two rounds of outside funding.
One more funding by Groupon will be raised in 2015 and one in 2016 in a long-term strategy that appears to be aimed at further separating itself from its parent company in the U.S. and growing more autonomous.
Groupon and Sequoia have both declined to comment on the deal.
