Page 2 - Sequoia India

Logistics management firm Locad raises $11 million in Series-A funding

Locad's logistics engine works with brands such as Levi's, Reckitt Benckiser, and Emma Sleep

VC funding in India down 30 per cent in 2022: Venture Intelligence

The funding of late and growth-stage startups slowed down as private market investors became more cautious amid rising interest rates and fears of recession

Four senior execs quit BharatPe, to pursue 'entrepreneurial passions'

Among the top brass leaving today were Vijay Aggarwal, Rajat Jain, Geetanshu Singla, and Nehul Malhotra

Which investors will lose the most money because of FTX's implosion?

Out of all the investors, at least two major shareholders, Sequoia and Paradigm, have decided to mark their investments down to zero

Truly sorry to those who'll have to leave Byju's, says Raveendran to staff

The edtech giant has to sever 2,500 employees to avoid role duplication across businesses, says founder in a letter to employees

Sequoia India may invest $50 mn in homegrown edtech startup

Sequoia India is reportedly planning to invest more than $50 million in K12 Techno Services, an edtech startup that provides a variety of services to educational institutions

IVCA forms new VC Council, Sequoia India MD Rajan Anandan named chairman

The council was formed to strengthen governance practices for VCs and start-ups and continue working with govt and its agencies to improve the environment for venture capital in India

How a celebrity CEO's rule of fear helped bring down hot startup Zilingo

The story of how globetrotting tech star Ankiti Bose built and lost one of Asia's most vaunted startups

Fintech firm Twid raises $12 mn to expand reward points-based service

Company has more than 40 million registered users and it works with 50,000 merchants

Sequoia Capital bullish on India, has stake in 39 startups: Report

Venture Capital firm Sequoia is bullish on India and has invested in several startups that are expected to become unicorns in the coming years, a report said. Recently, Sequoia Capital raised USD 2.85 billion to fund Indian and Southeast Asian startups despite the markets cooling after a very long bull run. The fundraising is Sequoia's largest so far for India at USD 2 billion with the rest committed to Southeast Asian startups. The fund house has stakes in 39 startups that could turn unicorns in 2-4 years, according to ASK Private Wealth Hurun India Future Unicorn Index 2022. In its 16th year of operation in India, Sequoia has some blockbusters in its kitty like Turtlemint, SaaS Labs, Classplus, DeHaat, Porter, Progcap, and CityMall, the report said, adding these have the potential to become unicorns in the next two years. Unicorns are startups with a turnover of USD 1 billion or about Rs 8,000 crore. Sequoia Capital in its recent communication said there is a strong sense in the

Sequoia, Tiger Global lead startup funding in Apr-Jun in India: Report

Venture capital firms Sequoia Capital and Tiger Global led funding in Indian startups during April-June, with the fintech sector attracting most of the USD 6 bn (about Rs 47,870 crore) investments

OneCard is India's 104th unicorn, raises $100 mn in Series D led by Temasek

The latest round by OneCard, owned by Pune-based FPL Technologies, also saw investment from existing investors such as QED, Sequoia Capital, and Hummigbird Ventures

Unacademy's lessons on frugality: Pay cut for founders, no biz class travel

Founders have already taken salary cuts and this would be applied to the management as well

Facilitated Rs 3,600 cr loans in Q1FY23, up 112% QoQ, says BharatPe

Helped disbursals to over 120,000 merchants in Q1FY23, up from 66,000 merchants in Q4FY22

Sequoia India's Surge programme extends seed fund range up to $3 million

Surge startups have collectively raised over $1.5 billion in follow-on rounds

IAMAI announces committee to study issues faced by VC firms in India

Softbank, Sequoia, IAN, 3one4 Capital, Eximius, Multiples Alternate Asset Management among others join panel

Sequoia Capital leads $37 mn funding in UAE-based proptech startup Huspy

Sequoia Capital India on Tuesday led the $37 million funding into the UAE-based proptech startup Huspy to accelerate Europe, the Middle East and Africa (EMEA) expansion.

Sequoia India asks court to dismiss lawsuit by its former counsel

Sequoia has been locked in a legal battle with Sandeep Kapoor, after he included the company in a defamation lawsuit against media companies that reported on a leaked Sequoia email of June 2

Sequoia India grapples with fallout from several governance issues

The Silicon Valley firm has invested $5.5 billion in India and, since 2017

How Google, Sequoia are supporting growth plans of women-led startups

A slew of accelerator programmes are reaching out to a segment that has been attracting a tiny share of the funds raised by the entire Indian startup ecosystem