A91 Partners pumps 30 Mn in Sequoia-backed La Renon

A91 Partners, floated by former Sequoia Capital’s managing directors VT Bharadwaj, Gautam Mago and Abhay Pandey, has pumped in $30 million in Ahmedabad-based pharma company La Renon. According to report, La Renon has recorded a five-fold jump in its valuation from $100 million to $500 million in the fresh round. Five years ago, La Renon had picked up $16 million in its maiden funding round from Sequoia Capital.