Naresh Malhotra to join Sequoia

Naresh Malhotra, ex-CEO of Cafe Coffee Day, is expected to join Sequoia Capital India as a partner.

Malhotra led the Cafe Coffee Day chain from scratch to around 300 outlets acros the country.

Sequoia had invested $20 million to fund the chain's expansion last year.

A spokeperson for Sequoia declined to comment. Sequoia recently closed its third venture capital fund at $300 million.