Sequoia Capital splits into three; India & SEA fund to be rebranded
Financial Express Mumbai|June 07, 2023
VENTURE CAPITAL FIRM Sequoia Capital is splitting into three entities focused on geographies including the United States, China, India and South East Asia.
SALMAN SH
Sequoia Capital splits into three; India & SEA fund to be rebranded

The VC fund said in a statement on Tuesday that over the years, the strategies for each business diverged and that its scale and market leadership across different geographies had started to result in brand confusion and portfolio conflict, compelling the VC fund to split into three independent funds. Sequoia India & Southeast Asia (SEA) will be rebranded as Peak XV Partners and will operate as a fully independent firm. The India and SEA-focused fund had last raised $2.85 billion in July 2022 to invest in early-stage, venture and growth deals in both geographies.

"Our firm will continue to be managed by the present leadership team and will continue to invest from the most recently raised set of funds focused on India and SEA," said Shailendra Singh, managing director, Sequoia Capital India & SEA in a statement.

هذه القصة مأخوذة من طبعة June 07, 2023 من Financial Express Mumbai.

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هذه القصة مأخوذة من طبعة June 07, 2023 من Financial Express Mumbai.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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