Sequoia Capital’s new mega fund for India and Southeast Asia goes for the jackpot by backing more and more regional next-generation startups.
Category: India News
Weekly Wrap – Qiming raises a 5th fund of $650 million to invest more in China’s leading edge tech innovators while Softbank gears up to pour $10 billion in India over next 10 years.
Mind-boggling amounts are going into Asian ventures – Norwest raises huge $1.3 fund amid new government-led startup capital while Meituan-Dianping pulls in $3.3 billion for market race dominance.
Latest deals: Indian ecommerce site Shopclues goes unicorn, Uber China piles on capital, Grindr gap app gets cash from Beijing
Indian startups bag money for fast-growing e-commerce and mobile businesses as venture capital floods the market at highest levels seen.
Amazon leads investment of $22 million in an Indian on-demand service for such chores as house cleaning. Bezos could invest as much as $5 billion in India.