Silicon Valley’s venture capital firm, Sequoia Capital has added another $210 million to its existing $530 million India-focused Fund IV. As per a TOI report, the firm got funding from the same set of limited partners or LPs, investors who provide capital to funds.
Sequoia had started its operations in India in 2006, and has invested in more than 100 companies across sectors such as tech, healthcare, consumer and financial services. In May 2014, it had announced its fourth India-focused Fund taking its total funding committed in India to almost $2 billion.
The firm has invested around $100,000 and $1 million in seed stage, between $1 million and $10 million in early stage, and between $10 million and $100 million in growth stage. It having operations in U.S., China, India and Israel and targets sectors like energy, enterprise, financial, health Care, internet, and mobile.
Apart from this, this year other firms have also launched funds for Indian startups. For instance, Astarc Venture launched a seed fund with a corpus of $2 million to invest in in tech focused, digital healthcare, digital communication, 3D printing, data analytics, etc.
Also, venture capital firm, Accel Partners announced to launch an India-focused fund – Accel India IV for $305 million. Earlier last month, SAIF Partners had raised $350 million for a new India-focused fund. The firm is looking forward to make investments in technology focused businesses. Mumbai-based Seedfund’s partners except Mahesh Murthy are also planning to launch a $60 million fund focused on consumer internet startups in the country.
Helion, Nexus Venture and Kaalari Capital are all close to raising over $1 billion in order to double down early stage investments. 500 Startups is aiming to raise $10-20 million for its India focused micro VC Fund, StartupWallah, which is due for launch in the middle of this year.
In the end of last month, US-based VC firm, Peesh Venture Capital had launched a venture capital fund PVCII of $50 million and an accelerator programme to make early-stage investments in India.