Sequoia closes largest India & SEA fund at $2.85 Bn, despite portfolio startups’ irregularities & troubles
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Sequoia India and Sequoia Southeast Asia have collectively announced the close of a $2.85 Bn fund, of which $2 Bn is for seed and growth stage ventures in India. Further, $850 Mn of the total fund is for Sequoia’s first dedicated fund for the SEA region. The fund closure comes at a time when Sequoia has been grappling with multiple challenges including alleged financial irregularities and corporate governance issues within portfolio companies.