Sequoia India hands $12.9 million to Quick Heal Technologies
Sequoia Capital India has injected INR60 crore ($12.9 million) of growth capital in Quick Heal Technologies, an India Internet security tools and anti-virus technology firm, with the funds used to launch more products, expand its distribution markets and provide the base for future acquisitions.
Sumir Chadha, Managing Director of Sequoia Capital, will join the company's board as part of the deal. According to the companies, Quick Heal has experienced a compound annual growth rate of nearly 100%...
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