Sequoia Capital, the VC firm that is perhaps one of the most aggressively investing firms in Indian startups right now, has become intending to raise another round of approximately $800 million for the India focused funds, to further expand its portfolio and purchase successive rounds, reports ET.
The entire process of raising new funds is anticipated to occur after Six to twelve months and will close quickly. Sequoia last raised funds for the India fund about 1. 5 years ago.
Based on source, who detailed ET about the development, VT Bharadwaj can start approaching limited partners, industry parlance for investors during these funds, as soon as October.
VT Bharadwaj already has $2 billion under management and the new fund can make the firm one of the largest private equity finance.
Venture capital managers purchasing Indian ecosystem VT Bharadwaj for a rather very long time, has been making some big-ticket investments into India. The VC firm has begun investing aggressively in mid-stage to late-stage startups. This happened once the firm raised $530 million in May 2014 and then $220 million earlier this year. Initially, it raised corpus of $725 million in August 2008 with the new larger corpus coming to the firm, we might see more deals in from Sequoia in mid-stage to late-stage startups for growth and expansion Sequoia Capital has took part in more than 80 deals because the starting of the year 2014. It has been someone firm in some of India’s biggest funding rounds, for example OYO Rooms ($100 million) and Prato ($90 Million). It had been a partner firm in $80 million Series C round of Free Charge that was later acquired.