- As Sequoia Capital looks beyond current investment weakness in new companies in Asia, it has raised $2.85 billion to fund Indian and Southeast Asian startups.
- According to the Reuters report, the fundraising is Sequoia's largest so far for India and Southeast Asia.
- Money raised included $850 million in Sequoia's first fund dedicated to Southeast Asia. It has invested in Southeast Asian startups since 2015 from a common India fund.
- The remaining $2 billion has been raised in Indian venture and growth funds.
- "This fundraise, which comes at a time when markets are starting to cool after a very long bull run, signals our deep commitment to the region," Sequoia said.
- Funding of Indian startups has slowed since a record $35 billion fundraising last year. Companies have struggled to raise capital and are forced to cut the workforce.
- Photo by Gerd Altmann from Pixabay
Sequoia Capital Closes Largest India and Southeast Asia Dedicated Fund: Reuters
The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
Hot News
Updated