Sequoia raises US$2.85bil for regional startups


NEW DELHI: Sequoia India and Sequoia South-East Asia is raising US$2.85bil (RM12.6bil) across three funds to continue backing startups in the region, despite a stock market rout roiling tech companies.

For the first time, Sequoia is launching a dedicated South-East Asian fund, totaling US$850mil (RM3.8bil), while US$2bil (RM8.8bil) will be allocated to the Indian venture and growth funds, according to a blog post yesterday.

Subscribe now and receive FREE sooka plan for 1 month.
T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Sequoia , regional startups , fund , India ,

   

Next In Business News

Wasco debuts Asean sustainable finance framework
KIP-REIT buys retail asset in Perak
Jakarta fears labour law refit will impact fund flows
Stronger second half seen for Hap Seng Plantations
Australian pension fund to strengthen private credit
Senate probes unauthorised transactions
Vietnam lauds benefits of WTO membership
MAA projects vehicle sales to hit 800,000 in 2024
MISC’s net profit slips to RM339mil in 3Q
New contracts to drive Dayang’s profit

Others Also Read