Sequoia Capital India has closed its second growth equity fund with $725 million in capital commitments. The firm also has promoted executive director Abhay Pandey to managing director.
The fund, Sequoia Capital India Growth Fund II, would invest in unlisted companies at pre-IPO stage and also in listed firms, the firm said in a statement.
With this fund, the firm now manages about $1.8 billion with its other India-focussed funds, the statement said. —Reuters