August 30, 2016 7:03 AM ET

Capital Markets

Company Overview of Sequoia Capital India

Company Overview

Sequoia Capital India is a venture capital firm specializing in investments in startup, seed, early, mid, late, series-A, expansion, public and growth stage companies. The firm prefers to invest in maturing startups in the information technology sector with a focus on the emerging India-US cross border companies in the big data analytics, enterprise software, and semiconductors sectors. It seeks to invest in the consumer services, energy, financial services, infrastructure, healthcare services, internet, mobile applications, outsourcing, wireless and technology sectors. Within consumer services it invests in agriculture, distribution, education, hospitality, media, retail, packaged goods, an...

6th Floor

East Wing, Block B

77 Town Centre

Off HAL Airport Road, Yemlur

Bangalore,  560037

India

Founded in 2000

Phone:

91 80 4124 5880

Fax:

91 80 4124 5884

Key Executives for Sequoia Capital India

Managing Director, Investment Advisor, and Partner
Age: 46
Managing Director, Investment Advisor, and Partner
Managing Director, Investment Advisor, and Partner
Age: 39
Investment Advisor, Managing Director and Partner
Managing Director and Investment Advisor
Age: 38
Compensation as of Fiscal Year 2016.

Sequoia Capital India Key Developments

Naspers To Acquire Citrus

Naspers Limited (JSE:NPN) is in the final stages of acquiring Citrus Payment Solutions Pvt. Ltd., valuing the payments platform at INR 10 billion to INR 12 billion. The all-cash deal is expected to close by the end of this month or in September, two people with knowledge of the matter said. Under the proposal, Citrus Pay will be absorbed by PayU. The deal will see the exit of Citrus Pay's existing backers, a list that includes Sequoia Capital India, Ascent Capital Advisors, BEENOS Asia Pte. Ltd. and econtext Asia Limited, the people said. Investec Limited (BSM:INVESTEC) is acting as an adviser to Citrus Pay.

Prataap Snacks Looks To Raise Funds

Prataap Snacks Private Limited is looking to raise $50 million-$70 million from private equity investors to fund expansion, according to two people aware of the development. The firm has hired UBS AG to help raise the money, said a banker, one of the two people cited above. Sequoia Capital India, existing investor of Prataap Snacks Private Limited, may participate in the fund raising along with new investors, said the second person, another banker. Both bankers spoke on condition of anonymity. Prataap Snacks plans to use the money to increase manufacturing capacity and expand its geographical presence to tap growing demand for its products in a country where consumption of snacks is increasing. In an emailed response Sequoia Capital declined to comment. UBS’s Indian unit said it does not comment on market speculation.

India Value Fund Advisors Reportedly In Talks To Buy Stake In Cloudnine Hospitals For INR 4.5 Billion

India Value Fund Advisors Private Ltd reportedly in talks to acquire stakes in Kids Clinic India Pvt. Ltd. (Cloudnine Hospitals). India Value Fund Advisors (IVFA) is in talks to acquire a large minority stake in Cloudnine Hospitals for INR 4.5 billion, according to two people close to the development. IVFA plans to acquire 35% in Cloudnine Hospitals in which Matrix Partners India and Sequoia Capital India will sell their stakes partially, said the first person. Besides existing investors, the promoter of the firm will also sell about 10%, first person added. The details of stakes owned by Matrix and Sequoia are not available. According to the second person, the Cloudnine stake sale will be done at an enterprise value of INR 13.5 billion. Rohit M.A., Managing Director of Cloudnine, declined to comment on the stake sale. “We will share the necessary formal information in due course,” Rohit M.A. said. Avnish Bajaj, Co-Founder and Managing Director of Matrix Partners India declined to comment. Mails sent to Vishal Nevatia, Managing Partner at IVFA and a spokesperson for Sequoia Capital on December 9, 2015, did not elicit any responses.

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