HomeNewsThe fifth class of the Sequoia business accelerator includes 13 Indian companies

The fifth class of the Sequoia business accelerator includes 13 Indian companies


Last Updated on 22/11/2021 by Sanskriti

Sequoia Capital’s Surge accelerator program has picked 13 Indian businesses for its fifth batch, as early-stage investments in India continue to grow. Sequoia Surge had a dozen Indian businesses in its prior round. Surge and other co-investors have raised $55 million in total from the newest round of firms, which are distributed across India, Southeast Asia, and Hong Kong.

The usual investment Surge makes is $1-2 million in each business, with additional cash coming from other investors. Some of the co-investors in this round are Nexus Venture Partners, DSG Consumer Partners, WaterBridge Ventures, Y Combinator, India Quotient, and Accel. 

For the Indian funds such as Blume Ventures, India Quotient, and Orios Venture Partners. Silicon Valley-based accelerator Y Combinator the early- investment made by Surge was very competitive.

Y Combinator, a Silicon Valley-based accelerator, is relying on India as one of its primary foreign markets, having a high number of Indian startups in each of its recent batches.

Since 2019, Surge’s fifth cohort is the largest having 10 female co-founders in its most recent cohort. 

“At this inflection point of global regrowth, we are excited to be part of the journey of our founders and their companies, many of which we believe will grow into large, enduring businesses,” MD, Surge, and Sequoia India, Rajan Anandan said.

Seed-stage firms, such as Orios Venture Partners, will go public to raise $80-100 million in fresh capital. India Quotient, on the other hand, has completed the first closure of its $80 million funds for fresh bets.

Opportunity funds of $30 million and $40 million have been closed by Orios and India Quotient, respectively. In addition, Blume Ventures is launching a new fund worth around $120-150 million.

Sanskriti loves technology in general and ensures to keep TheDigitalHacker audience aware of the latest trends, updates, and data breaches.
- Advertisment -

Must Read

Data Science Drives Personalized Marketing and Customer Engagement to New Heights...

Personalized marketing and customer engagement are crucial for businesses to thrive in the current digital era. Because data science makes it possible for marketers...