Venture Capital: Sequoia launches $1.35B fund to invest in startups in India and South-East Asia

#angelfunding #seedfunding #vc #vcfunding #startups #startupindia #sequoia

Sequoia Capital has announced the creation of two new funds totalling $1.35 billion dedicated to investment opportunities in India ans South-East Asia.

The two new investment vehicles of the marquee venture capital fund will be a $525 million venture fund and $825 million growth fund.

In a post on LinkedIn, Shailendra J Singh, Managing Director of Sequoia Capital, said, “Sequoia India now operates seed, venture and growth funds, a structure that allows Sequoia to remain a relevant partner for founders at all stages of their journey. The three Sequoia India funds will continue to invest across India and SEA.”

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Sequoia launches $1.35B fund to invest in startups in India and South-East Asia

Sequoia Capital has announced the creation of two new funds totalling $1.35 billion dedicated to investment opportunities in India. The two new investment vehicles of the marquee venture capital fund will be a $525 million venture fund and $825 million growth fund.

Venture Capital: Facebook co-founder's B Capital Group closes its second fund at $820M

#startups #starupsfunding #vc #vcfunding #founders

B Capital Group, a US and Singapore-based investment company have announced the closing of its second $820 million venture fund to invest in growth-stage startups that are disrupting large industries and quickly scaling up.

Founded in 2014 by Raj Ganguly, and Facebook co-founder Eduardo Saverin, B Capital Group invests in #enterprise technology (including #SaaS, #AI / #ML infrastructure, and security), #fintech, #healthcare #technology, customer supporting technology, #transport, and #logistics into #B2B and #B2B2C businesses. The company usually invests between $10 and $60 million in Series B, C, and D businesses poised to grow rapidly.

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Facebook co-founder's B Capital Group closes its second fund at $820M

B Capital Group, a US and Singapore-based investment company have announced the closing of its second $820 million venture fund to invest in growth-stage startups that are disrupting large industries and quickly scaling up. Founded in 2014 by Raj Ganguly, and Facebook co-founder Eduardo Saverin, B Capital Group invests in enterprise technology (including SaaS, AI...

MicroMobility - US-based Rocketship leads Rs 30 Cr funding in Indian micro-mobility platform Yulu

#fundingalert #startups #startupindia #startupfunding #EV #electricmobility #smartcities #localmobility #micromobility #vc #vcfunding

India’s EV market is estimated to touch $2 billion by 2023, according to TechSci Research.

Bengaluru-based last-mile micro-mobility platform Yulu on Monday announced that it has raised a fresh funding of Rs 30 crore led by US-based VC firm rocketship.vc and existing investors.

Amit Gupta, Co-founder and CEO, Yulu shared “Users find Yulu as the safest mode of commute due to our single-seater vehicles and frequent sanitization. It is becoming increasingly evident that shared mobility platforms like Yulu will lead the large scale adoption of Electric Vehicles in India.”.

This marks rocketship.vc’s first-ever investment in the Indian micro-mobility sector. The VC firm has backed many Indian startups including players Moglix, Khatabook, NoBroker.com, and Locus to name a few.

So far, Yulu has raised more than $20 million in funding from key investors like Bajaj Auto Ltd, Blume Ventures, 3one4 Capital, Wavemaker Partners, and now US-based rocketship.vc, among others. In November 2019, Yulu had received Series A funding of $8 million, led by leading automobile manufacturer Bajaj Auto Ltd.

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US-based Rocketship leads Rs 30 Cr funding in micro-mobility platform Yulu

Bengaluru-based last-mile micro-mobility platform Yulu on Monday announced that it has raised a fresh funding of Rs 30 crore led by US-based VC firm Rocketship and existing investors. According to a statement released by the startup, the new investment will be used for further strengthening the mobility platform, providing technology solutions, and enabling rapid expansion.

The Science Of Startup Investments: How Family Offices Can Tap Into The Startup Opportunity In India

Recently, Infosys cofounder Kris Gopalakrishnan urged India’s wealthy to look at startups as a serious investment opportunity and not just a trend. “We need to flow the money of high net worth individuals (HNIs) into startups,” he had said..

In India, there is still a need for larger involvement of family offices as there only a few players like Hero MotoCorp’s Pavan Munjal, Sharrp Ventures, Transworld Group of Companies, SAR Group Family Office, Ronnie Screwvala’s Unilazer, Dabur Group’s Burman Family Holdings, among others.

The opportunity is huge. As per DataLabs by Inc42, between 2014-2019, Indian startups have raised $58 Bn across 5,011 deals. The startup ecosystem has grown leaps and bounds with over 50k startups in the country. Hence, there is no dearth of finding the right fit.

Talking about returns expected from VCs, Transworld’s Mehta said that he would expect 16% to 18% of internal rate of return (IRR) in dollar terms, net fees and other charges. But for the VCs doing Series A or above, the return rate should be 15%; while for early-stage VCs, return should be 20%-25%. In the case of direct deals, it should be 25% return, according to Mehta.

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The Science Of VC Investments: How Family Offices Can Tap Into The Startup Opportunity In India

Recently, Infosys cofounder Kris Gopalakrishnan urged India's wealthy to look at startups as a serious investment opportunity and not just a trend. "We need to flow the money of high net worth individuals (HNIs) into startups," he had said. Notably, the new generation of wealthy and high net-worth individuals (HNIs) have been focussing on wealth management and investments through family offices.

IIFL helps bridge the funding gap for India's fintech startups

IIFL (India Infoline Group), a Mumbai-based financial services company which offers home loans, gold loans and business loans, has launched #IIFLDisrupt – an initiative to help prop up India’s early-stage fintechs during the #coronavirus crisis.

The firm, whose wealth management arm holds roughly $24 billion in assets under management, says it can help founders in one of three ways: it can invest, offer mentorships, or become a fintech’s first client. None of the aforementioned options are mutually exclusive.

As well as helping founders directly, IIFL says it will also give accelerator and incubator partners across India access to funds, and help them facilitate proof of concept testing – which could also lead to IIFL becoming a first client for some of the start-ups.

The programme lists the areas it will help start-ups in: wealthtech, insurtech, robo-advisory, transaction technology, distribution of mutual funds (MFs), wealth management, digital content, lending, data analytics, and payment solutions.

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IIFL helps bridge the funding gap for India's fintech start-ups - FinTech Futures

India Infoline (IIFL), a Mumbai-based financial services company which offers home loans, gold loans and business loans, has launched #IIFLDirupt - an initiative to help prop up India's early-stage fintechs during the coronavirus crisis.