MUMBAI (Reuters) - Sequoia Capital, best known for its early-stage investments in companies such as Google Inc
Although intended to focus on India, the fund will also look for opportunities in Southeast Asia, and will invest primarily in technology, consumer and healthcare sectors, Sequoia said.
With the new fund, the total capital committed to Sequoia's India-focused investments will be around $2 billion, it said in the statement. The U.S. fund's strategy in India includes seed, venture and growth investments.
Sequoia Capital is invested in more than 75 companies including Just Dial
The new fund comes amid surging interest by foreign investors in India, fuelled by expectations that the new Narendra Modi government will help kickstart economic growth with new economic and fiscal reforms.
(Reporting by Indulal PM; Editing by Subhranshu Sahu)