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Sequoia Capital

Former Sequoia India firm launches new fund Peak XV for early ventures

"We plan to leverage this internal balance sheet to invest in and partner with other fund managers across regions, strategies and sectors," the letter added

Former Sequoia India firm launches new fund Peak XV for early ventures
Updated On : 13 Mar 2024 | 12:00 AM IST

Peak XV Partners sells 1.5% stake in Aptus Value Housing for Rs 213 cr

Peak XV Partners (formerly Sequoia Capital India & SEA) on Friday divested a 1.5 per cent stake in Aptus Value Housing Finance India for over Rs 213 crore through open market transactions. Peak XV Partners, through its affiliate, Peak XV Partners Investments VI sold the shares in two tranches of Aptus Value Housing Finance India on the National Stock Exchange (NSE). According to the block deal data available with the NSE, Peak XV Partners Investments VI offloaded 74,35,937 shares, amounting to a 1.5 per cent stake in Aptus Value Housing Finance India. These shares were sold at an average price of Rs 287 apiece, taking the transaction value to Rs 213.41 crore. After the transaction, Peak XV Partners shareholding in the company has declined to 1.11 per cent from 2.61 per cent. Meanwhile, SBI Mutual Fund picked up 60 lakh shares and Blue Diamond Properties Pvt Ltd acquired more than 14.35 lakh shares, amounting to a 1.2 per cent and 0.3 per cent stake, respectively, in Aptus Value ..

Peak XV Partners sells 1.5% stake in Aptus Value Housing for Rs 213 cr
Updated On : 10 Nov 2023 | 9:52 PM IST

Pristyn Care looks to double revenue to Rs 2k cr, turn a profit by FY25

This comes at a time when firm has recently found itself in hot water after facing criticism from patients who claimed that the company forced them to undergo surgeries in a bid to rake in extra cash

Pristyn Care looks to double revenue to Rs 2k cr, turn a profit by FY25
Updated On : 24 Sep 2023 | 11:44 PM IST

Visa application startup Atlys raises $12 million in series A funding

Investment round led by Peak XV and Elevation Capital

Visa application startup Atlys raises $12 million in series A funding
Updated On : 21 Sep 2023 | 9:36 AM IST

India's beauty and personal care market to touch $30 billion by 2027

The growth prospects of the Indian BPC industry are further strengthened in light of low penetration levels

India's beauty and personal care market to touch $30 billion by 2027
Updated On : 01 Sep 2023 | 11:41 PM IST

After Sequoia split, India's Peak XV to hold CEOs meet for first time

The invite-only Peak XV "Founder Retreat" is planned for Aug 18-19 in the tech hub of Bengaluru, dubbed the Silicon Valley of India and the base of many startups

After Sequoia split, India's Peak XV to hold CEOs meet for first time
Updated On : 31 Jul 2023 | 10:27 PM IST

For edtech firm Byju's chaotic situation, are only founders to be blamed?

Byju's delayed giving its FY21 financial report by 18 months and when it did, it reported a loss of Rs 4,570 crore. The FY22 financials are yet to be filed

For edtech firm Byju's chaotic situation, are only founders to be blamed?
Updated On : 26 Jul 2023 | 11:11 PM IST

Cyber security start-up PingSafe announces raising $3.3 mn in seed funding

Company aims to serve cloud security-related organisational needs for customers

Cyber security start-up PingSafe announces raising $3.3 mn in seed funding
Updated On : 20 Jul 2023 | 3:45 PM IST

Sequoia Capital shakes up venture capital team, sheds two crypto investors

Longtime partner Michael Moritz is leaving the venture firm to focus on Sequoia Heritage, a wealth management business he helped start, Sequoia said Wednesday

Sequoia Capital shakes up venture capital team, sheds two crypto investors
Updated On : 20 Jul 2023 | 9:01 AM IST

Sequoia's Roelof Botha sees more flexible Indian ops from three-way split

Says since each business has evolved to meet opportunities in its market across sectors, using centralised back-office functions has become more of a hindrance than an advantage

Sequoia's Roelof Botha sees more flexible Indian ops from three-way split
Updated On : 14 Jun 2023 | 3:58 PM IST

Sequoia Capital sells entire 10.18% stake in Go Fashion for Rs 625 cr

Venture capital company Sequoia Capital on Monday divested its entire 10.18 per cent stake in Go Fashion for Rs 625 crore through an open market transaction. US-based Sequoia Capital through its affiliate Sequoia Capital India Investments IV offloaded the shares in Go Fashion (India). Societe Generale, Kuwait Investment Authority Fund 223, ICICI Prudential Life Insurance Company and BNP Paribas Arbitrage were the buyers of the shares. Sequoia Capital India Investments IV sold 54,98,875 shares at an average price of Rs 1,136.10 apiece, taking the transaction value to Rs 624.72 crore, as per the bulk deal data available on the National Stock Exchange (NSE). As of the March quarter, Sequoia held nearly 55 lakh shares, equivalent to a 10.18 per cent stake in the Chennai-based firm. Go Fashion (India) was listed on BSE and NSE in November 2021, after it successfully launched Rs 1,013.6-crore initial public offering (IPO). On Monday, shares of Go Fashion (India) plunged 4.86 per cent t

Sequoia Capital sells entire 10.18% stake in Go Fashion for Rs 625 cr
Updated On : 12 Jun 2023 | 9:19 PM IST

Sequoia Capital plans to sell 10% stake in Go Fashion through block deal

The sale of the fashion retailers' shares would be conducted at a floor price of Rs 1,135 a share

Sequoia Capital plans to sell 10% stake in Go Fashion through block deal
Updated On : 11 Jun 2023 | 8:40 PM IST

We have $2.5 billion of uninvested dry powder: Peak XV Partners MD

It is a rebrand - Sequoia India and Southeast Asia is now Peak XV Partners. We are very bullish on India and Southeast Asia as a market and we are going to only double down

We have $2.5 billion of uninvested dry powder: Peak XV Partners MD
Updated On : 08 Jun 2023 | 9:25 PM IST

Peak XV says confident of investor backing after Sequoia Capital split

Over years, Sequoia invested in some of India's biggest startups, including food delivery firm Zomato and payments firm Pine Labs

Peak XV says confident of investor backing after Sequoia Capital split
Updated On : 07 Jun 2023 | 10:29 PM IST

Sequoia's split sends warning to every company doing US-China business

Left unsaid is that the move is a concession to increasing pressure in the US to distance Silicon Valley from China

Sequoia's split sends warning to every company doing US-China business
Updated On : 07 Jun 2023 | 10:58 AM IST

Sequoia splits into 3 independent entities, India biz now Peak XV Partners

There will be no change in the firm's portfolio management strategy

Sequoia splits into 3 independent entities, India biz now Peak XV Partners
Updated On : 06 Jun 2023 | 6:42 PM IST

Sequoia to separate China, India, Southeast Asia businesses by March '24

Global venture capital giant Sequoia announced that it is planning to separate China and India and Southeast Asia businesses into independent firms

Sequoia to separate China, India, Southeast Asia businesses by March '24
Updated On : 06 Jun 2023 | 6:11 PM IST

VC firm Burda Investments may sue ex-Zilingo CEO Ankiti Bose: Details here

Burda has clarified that action against Ankiti Bose is a result of the joint decision by all investors and not led by any single investor as claimed by her

VC firm Burda Investments may sue ex-Zilingo CEO Ankiti Bose: Details here
Updated On : 27 Apr 2023 | 1:40 PM IST

Video telematics platform Lightmetrics raises $8.5 mn from Sequoia Capital

Video telematics startup Lightmetrics on Wednesday said it has raised USD 8.5 million (about Rs 69 crore) in a funding round from Sequoia Capital India. The Bengaluru-based platform uses edge AI and analyses video feeds from the camera installed in vehicles to better understand driver behaviour, and reduce accidents and improve safety. It claims to serve over 2,500 fleet across India, the Middle East, the US, Canada, Mexico, Brazil, Australia, and South Africa. The company will use the funds raised in Series-A round to strengthen its teams from the engineering, customer success, product, marketing, sales and analytics sides for growth. Lightmetrics was founded in 2015 by Soumik Ukil, Ravi Shenoy, Mithun Uliyar, Gururaj Putraya, Pushkar Patwardhan and Krishna AG, who had worked together at Nokia Research on computer vision and ML for cameras.

Video telematics platform Lightmetrics raises $8.5 mn from Sequoia Capital
Updated On : 05 Apr 2023 | 6:09 PM IST

GoMechanic Business acquired by a consortium led by Lifelong Group

According to sources, there is no clarity on what happens to the founders

GoMechanic Business acquired by a consortium led by Lifelong Group
Updated On : 29 Mar 2023 | 11:01 PM IST