India: Management tech startup SirionLabs raises $12.25m from Sequoia, others

SirionLabs, a start-up that provides supplier management technology products, has raised $12.25 million (about Rs.85 crore) in a Series B round of funding led by existing investor Sequoia India, a top company executive said. The funding round also saw the participation of QualGro Asean Fund and Canopy Ventures. In January 2014, the firm raised $5 million from Sequoia in its series A fundraising.