Sequoia Capital raises US$2.85 billion to continue investing in India and Southeast Asia

Sequoia India & Southeast Asia has over US$9 billion in assets under management as of the moment.

Sequoia Capital raises US$2.85 billion to continue investing in India and Southeast Asia
Sequoia Capital Headquarters (Source: Nextel HD Stock photos)

Sequoia India & Southeast Asia raised US$2.85 billion over three funds to continue supporting entrepreneurs despite the fall in the stock market.

For the first time, Sequoia is launching a Southeast Asian fund worth US$850 million, and Indian venture and growth funds will gain US$2 billion. Sequoia India claims to have invested in over 400 firms in India and Southeast Asia, 36 of which are worth more than US$1 billion, including Byju's and Zomato Ltd.