sequoia capital

Three former Peak XV Partners managing directors are launching Mettle Capital. Ashish Agrawal, Ishaan Mittal, and Tejeshwi Sharma have formed an equal partnership. This structure is uncommon in Indian venture capital. The firm aims for transparency in governance and economics. Mettle Capital plans to invest in Series A and Series B startups. They are targeting a corpus of $350-400 million.

Anthropic employees refused to sell their shares at the $350 billion tender offer earlier this year, and now we know why. The Claude maker has agreed a fresh $30 billion funding round at a $900 billion valuation, the Financial Times reported, nearly tripling its worth in three months. With revenue at $30 billion and an IPO expected by October, staff are sitting on a payday.

Four major investors, including Peak XV and Sequoia, are selling a 4.3% stake in fintech firm Groww, valued at approximately $500 million. This move comes as the lock-in period for pre-IPO shareholders is set to expire soon, potentially releasing shares worth over Rs 81,000 crore into the market.

AI giants OpenAI and Anthropic are intensifying their competition by launching new ventures aimed at boosting enterprise AI adoption. Both companies have secured significant funding from major financial institutions to help businesses integrate their AI tools into daily operations. This strategic move prioritizes real-world usage and revenue growth as both firms reportedly explore public listings.

Fintech giant Block's CEO Jack Dorsey revealed AI drove a massive 40% workforce reduction, impacting over 4,000 employees. Experiments with advanced AI models convinced leadership that fewer staff could maintain operations and growth. Dorsey emphasized acting with integrity and generosity, aiming for excellence by embracing AI proactively, not reactively.

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.

sequoia capital's India partners, caught out early this year by governance scandals at startup companies in its portfolio, assured investors at an April meeting in London that these "lowlights" were mostly behind it, according to three people familiar with the discussions.

Venture capital fund sequoia capital is putting $20 million, or Rs 125 crore, in Bengaluru-based MedGenome, a genomics-based diagnostics and research firm, which is backed by Mu Sigma founder Dhiraj Rajaram.

Sequoia, which is the largest shareholder in BharatPe where co-founder Ashneer Grover was virtually sacked from his role, in a blog said it won't hesitate to act to protect the interest of shareholders and employees even if it costs it financially.

sequoia capital, one of Silicon Valley’s most influential venture funds, has raised $530 million through its fourth India-focused fund, taking its total capital committed in India to almost $2 billion.

Pioneering Indian venture capitalists KP Balaraj and Sumir Chadha, along with the two other managing directors, are leaving sequoia capital India.

Continuing with its probe into the finances and investments of P Chidambaram's son Karti, the Enforcement Directorate raided the Bengaluru premises of two venture capital firms, sequoia capital and WestBridge Capital, who have made investments in firms allegedly linked to Chidambaram Jr.

Top Silicon Valley investor Sequoia has raised $1.35 billion for its new fund focused on investing in startups in India along with Southeast Asia. The move comes as the Covid-19 pandemic speeds up the adoption of digital services across education, payments and software. The fund will be a record corpus for the region and takes assets under management to over $5.7 billion.

Silicon Valley's top-tier venture fund sequoia capital is learnt to have closed a new $920 million fund, capital from which will largely be ploughed into Indian companies.

Shared workspace provider Awfis on Wednesday said it has raised $20 million in series-C funding from investors Sequoia India, Innoven Capital and The Three Sisters: Institutional Office (TTS:IO) led by Radha Kapoor Khanna.

sequoia capital India has sold 2% in food delivery startup Zomato in the open market, a BSE filing said. Sequoia holds 4.4% stake post the transaction.It has sold its stake in two tranches – it offloaded 6.7 crore shares between September and October last year.

Ethereum scaling platform Polygon has raised about $450 million in a round led by sequoia capital India with participation from more than 40 major venture capital firms including SoftBank and Tiger Global, and prominent individual investors like Alan Howard (co-founder, Brevan Howard) and Kevin O’Leary (Mr Wonderful from ABC's Shark Tank). Polygon was founded by Sandeep Nailwal, Jaynti Kanani, Anurag Arjun and Mihailo Bjelic.

A host of companies, ranging from cigarettes to consumer goods company ITC, salt-to-software conglomerate Tata Group, and logistics startup Delhivery have joined efforts to ensure increased oxygen supply to Covid-19 patients.

The erstwhile leader of private tutored education in India--Brilliant Tutorials--is in the throes of a legal battle.

In addition to funding companies directly, the firm is looking to amass larger stakes in its chosen startups by buying holdings from entrepreneurs and early employees.

Top Silicon Valley investor Sequoia is planning to raise about $1.25 billion for its new fund for India. This will be a record corpus raised for the country, underlining the growing maturity of the Indian startup ecosystem. Sequoia is known as the early backer of companies like WhatsApp and Google in the US, and Byju’s and Oyo in India.

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.

Parking solutions venture Park+ has raised $25 million in a Series B funding round co-led by sequoia capital India, Matrix Partners India and Epiq Capital. Existing and new investors also participated in the round.

Global private equity firm sequoia capital on Tuesday said it has put in place a new management to replace the founding partners who resigned on Monday.