Floor price of the block deal is Rs 1,470/share, a discount of 4.6 percent to the closing price of Indigo Paints on September 5, one source told Moneycontrol
The Peak XV Anchor Fund will be backed by an internal pool of capital, according to a letter sent to investors. Formerly known as Sequoia India & Southeast Asia, the venture-capital firm rebranded as Peak XV Partners last year and is now fully independent.
The startup is headed by ethical hackers Anand Prakash and Nishant Mittal, and they make products in the cloud security segment.
High single-digit EBITDA will be required for startups planning initial public offerings, says Sequoia India Managing Director Rajan Anandan
Abraham's appointment as Sequoia Capital India's chief legal officer comes at a time when the company is embroiled in a legal tussle with its former general counsel, Sandeep Kapoor.
The fund plans to lead investments in pre-seed and seed rounds with an aim to support 30 ventures over the next two years.
The new panel will work on public policy consultations, stakeholder engagement, ecosystem enhancement, and building a strong industry network for VC firms.
According to people familiar with the discussions, Sequoia Capital's India partners, who were caught off guard by governance crises at startup companies in its portfolio earlier this year, promised investors at a meeting earlier this year that "lowlights" were essentially behind them.
Sequoia India and Sequoia Southeast Asia have raised USD 2.85 billion in a series of funds to invest in companies, making it the VC firm's largest fund for the area and more than doubling its previous fund.
The restaurant management platform plans to use the funds raised to scale its product and engineering teams, strengthen its platform capabilities, as well as broaden its offerings to enable more services to restaurants.
IndiGG is being built in association with Polygon to create a Play-to-Earn gaming hub within India.
The startup plans to use the funds raised to accelerate expansion into the North American market and further invest in its deep-tech product.
By changing the law, India may see fewer start-ups incorporating outside the country to enable listing on foreign stock exchanges
Speaking at the Global Fintech Fes, Asbe said that the aspiration should be for UPI to clock in transactions worth $1 billion per day in three years’ time. Sequoia India MD Rajan Anandan who was part of the panel said that funds will continue to flow into startups, including fintechs.
The Sequoia-backed company is scouting for food and beverages companies offering fresh and ethically-sourced products to consumers, Anju Srivastava, founder of Wingreens Farms,told Moneycontrol in an exclusive interaction.
Sequoia India has promoted five investors to Managing Director, beefing up its leadership during an unprecedented startup boom.
The investment firm has also said that it will expand its existing programmes to encourage more diversity in entrepreneurship.
What's driving the funding boom? Are the valuations justified? What should founders keep in mind during these times? Rajan Anandan, Radhika Gupta, Nithin Kamath and Vidit Aatrey will answer these questions and more on Moneycontrol Masterclass. Stay tuned
Sequoia India’s GV Ravishankar, one of India’s most successful investors, says founders should not fall into bad habits of the past due to easy access of capital. He has also said it is a very difficult environment for founders and investors, as one is not able to understand what all the funding interest means.
Wakefit was valued at about Rs 1900 crore, a jump of nearly 10 times from when Sequoia first invested Rs 70 crore valuing it at Rs 210 crore in 2018.
DeHaat is a technology-based platform offering full-stack agricultural services to farmers, including distribution of high-quality Agri inputs and market linkages for selling their produce.
Kunal Shah, founder of credit card payment startup Cred, and Bhupinder Singh, founder of consumer lending firm InCred, also participated in the round.
The company said it will utilise the funds to build its core technology platform, drive sales as well as marketing initiatives and expand its technology team.
CapitalG (formerly known as Google Capital), the growth equity investment fund of Alphabet (Google's parent company), led this round of funding, the company said in a release.
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