Sequoia Capital files to raise three new funds, to increase India, SE Asia exposure

Photo: Reuters

Sequoia Capital, one of the world’s top venture capital firms, has filed to raise three new funds that will increase its exposure to India and Southeast Asia.

Sequoia has not specified the target amount for SC India Venture VIII, SC India Growth IV, and SC SEA Fund I but a report by The Economic Times in May had said the firm was raising an aggregate of $2.8 billion for the three vehicles. The report added that Sequoia Capital has postponed the closing date of the three funds pending an investigation into a portfolio company.

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