Sequoia to harden compliance amid trouble in India, SE Asian portfolio cos

The VC fund will undertake governance trainings for founders and senior management, implementation of whistleblower policies, more independent board representation

With allegations of financial mismanagement related to multiple portfolio companies emerging in the past few months, venture capital (VC) firm Sequoia’s India and South East Asia arm said on Sunday that it will drive increased compliance among its investee startups.

“We won’t hesitate to act to protect the interest of the company and employees, even if it costs us financially. We will take tough calls where needed in the interest of doing what is right,” Sequoia said in a blog post.

The fund will undertake governance trainings for founders and senior management, implementation of whistleblower policies, more independent board representation,