Sequoia Capital
Update: Westbridge fund makes four investments
WestBridge Capital’s evergreen fund, closed in August, has made its first investments in four listed companies.
India’s Just Dial plans NASDAQ listing
Private equity-backed Indian search engine Just Dial is looking to list its international unit on NASDAQ, barely two months after filing for a domestic IPO worth up to INR3.6 billion ($79 million).
VC-backed Newsummit in $100m JV with US biomed fund
Sequoia-backed Newsummit Pharmaceutical Group, a biomed developer based in Shanghai, has partnered with Cleveland Bio Fund (CBF) to launch a $100 million vehicle to invest in American medical device companies.
Zhenai receives backing from Match.com
Match.com hopes that Chinese dating website Zhenai.com is an investment match made in heaven.
Innovation Works closes first fund
Tech incubator Innovation Works arose to fill a perceived void in the Chinese market – new business ideas were in abundance but there wasn’t enough capital to get them off the ground. Company founder Kai-fu Lee told AVCJ’s China summit in May that...
India's TD Power gains 7% on trading debut
TD Power Systems - which counts Baring India Private Equity, IDFC, Sequoia Capital and Ironwood Investment among its anchor investors – saw its stock rise 7% on its trading debut in Bombay. This comes after the company raised INR2.27 billion ($49 million)...
SAIF Partners India backs Manpasand Beverages
SAIF Partners India has invested $10 million in Manpasand Beverages, a juice maker and distributor based in Vadodara. The deal is the latest in a string of private equity transactions in India’s food and agriculture space, The Economic Times reported.
WestBridge looks to exit portfolio companies of yesteryear
WestBridge Capital – which was re-launched by its original founders in February - is looking to exit portfolio companies in which it invested prior to merging with Sequoia. According to India’s Business Standard, this includes stakes in Indecomm Global,...
Innovation Works closes China internet fund at $180m
Innovation Works, the tech incubator started by Google’s former China head Kai-fu Lee, has closed its debut fund at $180 million. The vehicle, which specifically targets Chinese internet companies, was oversubscribed, the company said.
VC-backed Chinese children’s clothing retailer signs Disney deal
Greenbox, a venture capital-backed Chinese online retailer specializing in children’s clothes, has agreed to integrate Disney brands into its product lines. The Chinese company will design clothing lines inspired by Disney franchises including Mickey...
Indian ethnic fashion retailer seeks private equity investment
Wolfensohn Capital Partners is going to sell its 8% stake in ethnic fashion retailer Fabindia. The exit comes as Fabindia looks to raise around INR2 billion from new investors.
Sequoia, Nexus invests $12 in Druva
Nexus Venture Partners and Sequoia Capital has jointly invested $12 million in a Series B round of funding in Druva, a global data protection solutions firm.
PE-backed Just Dial targets $79m IPO
Indian search engine Just Dial is planning a INR3.6 billion ($79 million) IPO that will allow its private equity backers to make full or partial exits. A draft prospectus filed with the Securities and Exchange Board of India indicates that offering will...
Update: Revived WestBridge reaches $500m fund target
WestBridge Capital Partners, the private equity fund relaunched by Sequoia Capital India’s founders, has reached the $500 million target for its new vehicle, the WestBridge Crossover Fund, within six months. According to the firm, the fund has been...
Sequoia leads $10m investment in MoboTap
Sequoia Capital led a $10 million Series A round of financing into US- and China-based mobile browser developer MoboTap, marking the venture capital firm’s first investment in a mobile browser. Matrix Partners also participated in the funding.
India’s lower-tier urban opportunities
Private equity and venture capital investors are beginning to look for openings in tier two and tier three cities in India
Sequoia bets on India’s snack food potential
Indian snack food maker Prakash Snacks has secured its first round of private equity financing from Sequoia Capital, believed to be worth $25-30 million. Financial details were not disclosed, but local media reported that the Silicon Valley growth capital...
Sequoia commits $30m to Indian snack foods producer
Sequoia Capital will invest $30 million in Prakash Snacks, marking the first round of private equity funding for the Indore-based snack food producer.
Angel investors rise in China
Venture capitalists are turning to earlier-stage funding as they seek to add value and avoid the crowded growth capital space
China's Eshop receives series A financing from Sequoia
Sequoia Capital and Xianfeng Huaxing Venture Capital have participated in a round of series A financing for Beijing-based e-commerce management company Eshop.
Relauched WestBridge raises $200m - report
Three months after Sequoia Capital India’s founding partners departed to relaunch WestBridge Capital Partners, their new fund has reportedly raised approximately $200 million for domestic investments, en route to a $500 million target.
The Winners Circle: 2011 AVCJ China Awards
Last Friday, at the closing luncheon of our highly successful AVCJ Private Equity & Venture Forum/China conference, we gave out our first ever dedicated awards focused on private equity and venture capital activity across China. Excited by the positive...
DCM, Sequoia give $50m to digital retailer
Leading venture capital firms Sequoia and DCM have jointly invested $50 million in Guangzhou-based online retailer VIPshop as part of a Series B round of funding.
Playing Asia’s PE field
In a business where a small number of individuals make a big amount of impact, investors in Asian private equity are finding departures of senior dealmakers becoming more than a handful