Sequoia plans to float largest India-dedicated fund with $1.25b corpus

Sequoia plans to float largest India-dedicated fund with $1.25b corpus

Photo: Pixabay

Silicon Valley venture capital firm Sequoia Capital, an early investor in some of India’s biggest startups including Byju’s, Zomato, and OYO, is set to float its largest India-focused fund with a corpus of about $1.25 billion, per a media report.

The move comes as Sequoia is set to hold annual global meeting of its limited partners (LPs) in India for the first time as it continues to be bullish on the country’s thriving startup ecosystem, The Times of India reported. Till now, such meetings were held in the US and China. Over time, India has become a key and promising market for Sequoia, both in terms of investments and returns.

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