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.