Sequoia Capital plans to sell 10% stake in Go Fashion through block deal

The India arm of US venture capital firm Sequoia Capital is planning to sell a 10 per cent stake in Go Fashion (India) worth Rs 625 crore on Monday in block deals. 

The sale of the fashion retailers’ shares would be conducted at a floor price of Rs 1,135 a share. JM Financial is the broker for the transaction. 

Sequoia has $9 billion worth of assets under management (AUM ) across 13 funds that have invested in more than 400 companies.  

Sequoia India & Southeast Asia had last week rebranded to Peak VX Partners, with the Sequoia Capital splitting into three entities. The venture capital firm will now manage its AUM in the region of over $9.2 billion across 13 funds independently. 

The rebranding exercise followed Sequoia Capital’s break-up into three independent entities across the globe.