Sequoia Capital’s $65 million venture fund has given their seal of approval to an Indian startup, giving the business sector a much worddocx needed injection of capital.
India, the world’s third largest economy and home to 1.3 billion people, has long been a haven for startups. Its vibrant startup scene benefits from an abundance of entrepreneurs and investors alike.
Bibit 65m, one of India’s premier hdxwallpaper accelerators, helps early-stage startups navigate the complex maze of startup lifecycle phases from concept to growth stage by offering resources, mentorship, funding and networking opportunities. Their list of past investments includes some iconic names from the Indian tech community such as Shopify, Ola and Quikr.
Bibit 65m fund stands out due to telesup its non-reportable manager and potential investment of up to $650 million into early-stage technology, consumer and healthcare startups. This is their fifth fund in India since their expansion began 12 years ago; they plan to double down on this region in order to find some of the most promising startups.
In addition to the massive fund, Sequoia happn Capital recently announced their largest investment in a start-up: $500 million through a sundance round in Singapore-based mobile payment startup PayTill.
Sequoia Capital was the pioneer of modern roobytalk venture investing and it remains a force to be reckoned with today. Its impressive portfolio includes some of Asia’s top tech companies, signalling that Southeast Asia is becoming an increasingly lucrative market for the VC giant.