Sequoia discusses future of Indian investments
One month after Sequoia Capital India’s founders announced they would depart to launch WestBridge Public Fund later this year, the VC major’s MD told domestic media that Sequoia planned to remain a strong investor in the market, earmarking $600 million over the next four or five years.
According to India's Economic Times, MD G.V. Ravishankar said that figure would be invested in startups in tech- and non-tech sectors such as agricultural technology, healthcare and education, the latter of which will become a growing focus. In light of this, Sequoia also announced that it would inject a further INR25 crore ($5.5 million) into middle school-manager K 12 Techno Services. It co-invested INR75 crore ($16.6 million) last year with SONG Investment Advisors.
Last month, Sequoia India's founders K.P. Balaraj, Sumir Chadha, S.K. Jain and Sandeep Singhal announced that they would leave the firm to restart WestBridge Capital Partners - the fund the four had originally set up before it merged into Sequoia five years ago. It was originally launched in 2000 and was co-founded by Balaraj and Chadha. V.T. Bharadwaj, Mohit Bhatnagar, Abhay Pandey, Ravishankar and Shailendra Singh will now manage Sequoia India's VC business.
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