Sequoia Raises $2.85 Billion for India, Southeast Asia Funds
- VC firm debuts dedicated $850 million fund for Southeast Asia
- Sequoia India pulled in $2 billion for two Indian funds
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Sequoia India and Sequoia Southeast Asia raised $2.85 billion across three funds to continue backing startups in the region despite a stock market rout roiling tech companies.
For the first time, Sequoia is launching a dedicated Southeast Asian fund, totaling $850 million, while $2 billion will be allocated to the Indian venture and growth funds, according to a blog post on Tuesday.