Sequoia announces 2 new funds worth $1.3 billion for India, SEA startups

The Indian arm of Silicon Valley-based Sequoia Capital announced it has secured $1.35 billion from Limited Partners for two new funds. The funds, which comprise a $525 million venture fund and an $825 million growth fund, will focus on investments in startups across India and Southeast Asia. Sequoia Capital India made more than 50 investments in 2019, as per TechCrunch.