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Sequoia announces $1.35 billion venture and growth funds for India and Southeast Asia

Sequoia Capital India on Monday announced it has secured $1.35 billion from LPs for two new funds in the country as the storied venture firm looks to ramp up its investments in the world’s second largest internet market, and Southeast Asia.
The two new funds — a $525M venture fund and a $825M growth fund — will help the VC firm, which operates in India and Southeast Asia through one arm, more comprehensively serve the startup ecosystem in the region, said Shailendra Singh, a managing director at Sequoia Capital India.
“A fundraise represents a massive responsibility to deliver attractive returns to Sequoia’s Limited Partners, the majority of which are non-profits, foundations and charities. We do this by partnering with outstanding founders who are building category defining companies,” he said.
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