Sequoia raises $2.85 billion in India, Southeast Asia funds

Quick Summary

MUMBAI Sequoia Capital has raised $2.85 billion to fund Indian and Southeast Asian startups, the venture capital firm said on Tuesday, looking beyond current weakness in investment in new companies in the region.

Amid a global tech rout, companies have been struggling to raise capital and some have had to fire employees.

Funding of Indian startups has slowed since a record $35 billion in fundraising last year.

News Analysis

Author / Journalist: M. Sriram

Category: Technology

Topics: Technology /Tech/Tech News

Source Website Secure: Yes (HTTPS)

Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

News Source URL: thestar.com.my

Readership Location: Malaysia

Published Date: 2022-06-14, 14:01:00

News Timezone: GMT +8:00

Language: English

Original Article Length: 279 words

Reading Duration: 2 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 312869

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About Publisher

Name: The Star (Tech)

Main Topics: Technology

Official Website: thestar.com.my

Update Frequency: 28 posts per day

Last Update: 1h ago

Headquarters: Malaysia

Coverage Areas: Malaysia

Publication Owner: Independent Company

Publication Timezone: GMT +8:00

Languages Covered: English

RSS Feed: Available (XML)

API Available: Yes

Website Security: Secure (HTTPS)

Publisher ID: #184

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