Sequoia India and Southeast Asia raises $2.85 billion funds

Sequoia India and Southeast Asia has launched two new funds, a $2 billion early-stage, venture and growth fund for India and an $850 million dedicated fund for Southeast Asia, as the storied venture firm doubles down on the region at a scale unrivaled by most of its peers and at a time when money is proving increasingly hard to come by.
The new funds follow a payday for the 50-year-old venture firm in India, where it started investing 16 years ago. The firm, which has 11 managing directors in the region, has seen nine of its portfolio startups, including Freshworks, GoJek and Truecaller, go pu

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