Sequoia India launches two new $2.85 billion funds in India

Top fund Sequoia India and partner Southeast Asia are launching two new crypto funds. The first will be for early-stage investments in Indian startups. The partners raised $2 billion in capital into it. The second special fund will operate in Southeast Asia and receive $850 million in investments.

It seems that even the bear market does not change the ambitious plans of such a giant as Sequoia. Recently, they prepared a special report and guide for survival in difficult times for their community. It is called Adapt to Survive and is available in translation on our website.

India is becoming an increasingly significant player in the crypto industry. There is a well-developed field of feint-tech and there are talented specialists in GameFi, DeFi, etc.

Recently, Sequoia Capital celebrated the 50th anniversary of its venture activities. The company started investing in India 16 years ago. It now has 11 managing directors in the region. The fund invests in hundreds of startups annually. There are also Indian projects among them – for example, Freshworks, Truecaller, GoJek, etc.

Sequoia Capital is one of the largest and most experienced venture capital funds in Silicon Valley. The company became famous for its early investments in startups, which later grew into multi-billion dollar brands: Cisco, Google, Yahoo, PayPal, Apple, Youtube and others.

The brand has been investing in cryptocurrencies since 2015. In February of this year, they announced plans to create a special fund that will only be used to purchase tokens. This will be the first industry fund in the history of Sequoia Capital.

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