Sequoia raises 6th India VC fund, another MD resigns

Sequoia Capital India said on Tuesday it closed its sixth fund at $695 million for investments across Southeast Asia, where it has made over 200 bets in startups. Meanwhile, Managing Director Abhay Pandey decided to quit after 11 years with the company. This comes after managing directors VT Bharadwaj and Gautam Mago resigned to float a joint fund A91 Partners.