Sequoia Capital raising $1b for funds – report
Sequoia Capital has reportedly hit the fundraising trail again, and plans to raise at least $1 billion for a series of funds, including a China-focused vehicle.
According to Fortune, it will also raise a fund to invest in conventional venture capital and a third that will concentrate on growth equity.
The Silicon Valley-based firm appears to have opted to raise several smaller vehicles rather than replicating the single large corpus of $1.3 billion that it amassed for Sequoia Capital 2010.
Last year, the departures of Sequoia Capital India's founding partners put a question mark over the firm's future in the country. Nevertheless, the Indian arm has since gone on to make a series of investments.
Earlier this month, for example, it invested INR1 billion ($18.7 million) into New Delhi-based Moolchand Healthcare, with an aim to fund the company's further expansion and acquisitions of hospitals across India. The company plans to invest INR5 billion over the coming five years in future expansion.
Sequoia has invested in a number of healthcare companies in India, including in Vasan Healthcare, Paras Pharmaceuticals and Glocal Healthcare Systems.
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