The arm of Sequoia Capital Global based in India and Southeast Asia has launched two new funds at $2.85 billion.
- A $2 billion early-stage venture and growth fund for India and an $850 million fund dedicated to Southeast Asia.
- The firm plans to invest in web3 startups beyond SaaS and Fintech enterprises with the new funds.
- It will continue to invest in seed-stage companies and women founders with its programmes: Surge and Spark.
Why it matters?
The fundraise is important because it comes at a time when startups in India and Southeast Asia are having a slowdown in funding and it also expresses the commitment of the firm to business growth in the region.