Sequoia set to unveil $300 million India fund2 min read . Updated: 17 Aug 2007, 01:36 AM IST
Sequoia set to unveil $300 million India fund
Mumbai: Sequoia Capital India has raised a $300 million (Rs1,233 crore) venture capital fund, dubbed Sequoia Capital India III, for investments in Indian start-ups, marking a formal comeback by the Bangalore-based investor in the early-stage investing space after a brief hiatus. The new fund also makes Sequoia the first Silicon Valley venture capital firm to have an exposure of more than $1 billion in this market. The firm is slated to officially announce the fund on Friday.
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