Beating the global economic slowdown, venture capitalists are eyeing heavy on the Indian startup ecosystem. One of the most active investors in India, Sequoia Capital is in planning to launch a $1.25billion fund making it the largest venture fund specially dedicated to Indian startups to date.
It is being estimated that the new fund will see an 80% hike than the last fund raised by Sequoia Capital for Indian startups at $695mn.
Sequoia had been an early investor for many Indian unicorns like OYO, Byju, and Ola. So far the VC firm has invested in about 200 startups in India and Southeast Asia.
According to reports, the firm plans to split the fund into two different vehicles, one for early-stage investment and the other for growth rate. While closing their sixth fund in 2019, the VC firm said, “As we look to the future, the menu of investment opportunities is unprecedented – from mobile internet to online brands, enterprise SaaS to AI, crypto to deep tech in healthcare, new age consumer brands and beyond.”
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