Sequoia Capital

The agency said Diageo suffered a huge loss from the 2005 embargo on its products by the India Tourism Development Corp, a firm majority-owned by the government that had a monopoly

The firm underlined its long-term commitment to India and Southeast Asia, citing strong portfolio performance and an optimistic outlook for the region

Move to reduce the fund and lower fees in prior funds is rare in Asia, and underscores challenges of investing in India where valuations have expanded given robust market for initial public offerings

Acquire 46.85% for Rs 846 cr; deal triggers open offer

"We plan to leverage this internal balance sheet to invest in and partner with other fund managers across regions, strategies and sectors," the letter added

Peak XV Partners (formerly Sequoia Capital India & SEA) on Friday divested a 1.5 per cent stake in Aptus Value Housing Finance India for over Rs 213 crore through open market transactions. Peak XV Partners, through its affiliate, Peak XV Partners Investments VI sold the shares in two tranches of Aptus Value Housing Finance India on the National Stock Exchange (NSE). According to the block deal data available with the NSE, Peak XV Partners Investments VI offloaded 74,35,937 shares, amounting to a 1.5 per cent stake in Aptus Value Housing Finance India. These shares were sold at an average price of Rs 287 apiece, taking the transaction value to Rs 213.41 crore. After the transaction, Peak XV Partners shareholding in the company has declined to 1.11 per cent from 2.61 per cent. Meanwhile, SBI Mutual Fund picked up 60 lakh shares and Blue Diamond Properties Pvt Ltd acquired more than 14.35 lakh shares, amounting to a 1.2 per cent and 0.3 per cent stake, respectively, in Aptus Value ..

This comes at a time when firm has recently found itself in hot water after facing criticism from patients who claimed that the company forced them to undergo surgeries in a bid to rake in extra cash

Investment round led by Peak XV and Elevation Capital

The growth prospects of the Indian BPC industry are further strengthened in light of low penetration levels

The invite-only Peak XV "Founder Retreat" is planned for Aug 18-19 in the tech hub of Bengaluru, dubbed the Silicon Valley of India and the base of many startups

Byju's delayed giving its FY21 financial report by 18 months and when it did, it reported a loss of Rs 4,570 crore. The FY22 financials are yet to be filed

Company aims to serve cloud security-related organisational needs for customers

Longtime partner Michael Moritz is leaving the venture firm to focus on Sequoia Heritage, a wealth management business he helped start, Sequoia said Wednesday

Says since each business has evolved to meet opportunities in its market across sectors, using centralised back-office functions has become more of a hindrance than an advantage

Venture capital company Sequoia Capital on Monday divested its entire 10.18 per cent stake in Go Fashion for Rs 625 crore through an open market transaction. US-based Sequoia Capital through its affiliate Sequoia Capital India Investments IV offloaded the shares in Go Fashion (India). Societe Generale, Kuwait Investment Authority Fund 223, ICICI Prudential Life Insurance Company and BNP Paribas Arbitrage were the buyers of the shares. Sequoia Capital India Investments IV sold 54,98,875 shares at an average price of Rs 1,136.10 apiece, taking the transaction value to Rs 624.72 crore, as per the bulk deal data available on the National Stock Exchange (NSE). As of the March quarter, Sequoia held nearly 55 lakh shares, equivalent to a 10.18 per cent stake in the Chennai-based firm. Go Fashion (India) was listed on BSE and NSE in November 2021, after it successfully launched Rs 1,013.6-crore initial public offering (IPO). On Monday, shares of Go Fashion (India) plunged 4.86 per cent t

The sale of the fashion retailers' shares would be conducted at a floor price of Rs 1,135 a share

It is a rebrand - Sequoia India and Southeast Asia is now Peak XV Partners. We are very bullish on India and Southeast Asia as a market and we are going to only double down

Over years, Sequoia invested in some of India's biggest startups, including food delivery firm Zomato and payments firm Pine Labs

Left unsaid is that the move is a concession to increasing pressure in the US to distance Silicon Valley from China

There will be no change in the firm's portfolio management strategy