Sequoia Capital India may raise $200m to add to its existing fund

Photo: DEALSTREETASIA

Sequoia Capital India, the local arm of storied Silicon Valley venture investor Sequoia, is raising $200 million to add to its existing fund, driven by a fast-growing market and interest from limited partners (LPs, or investors in the fund), said two people aware of the development, seeking anonymity.

Sequoia, which is an investor in startups such as Oyo Rooms, Byju’s Learning and online grocer Grofers, had raised a $695 million fund last August, its sixth in India, to be invested in startups across the country and Southeast Asia.

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