NEW DELHI: Sequoia India and Sequoia South-East Asia is raising US$2.85bil (RM12.6bil) 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 South-East Asian fund, totaling US$850mil (RM3.8bil), while US$2bil (RM8.8bil) will be allocated to the Indian venture and growth funds, according to a blog post yesterday.
Already a subscriber? Log in
Get 20% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
