Sequoia India News

Subscribe to enjoy similar stories. MUMBAI : Fresh from its success of recently-listed Pinelabs, Groww and Meesho, their funder and one of India's top venture capital fund Peak XV believes the speed of value creation in India is likely to be much faster in the coming decade than it was in the past, its managing director Mohit Bhatnagar said in an interview. The firm wants to double down on bets in consumer, fintech and software sectors even while scouting for opportunities in sunrise sectors such as space tech, precision manufacturing, and semiconductors.

Subscribe to enjoy similar stories. New Delhi: What’s in a name? A lot, apparently, if you’re in the venture capital business, as one firm named after the world’s tallest mountain is fast realizing. In 1865, a few years after Andrew Waugh, the then surveyor general of India, proposed that it be named after his predecessor Sir George Everest, the peak was officially named Mount Everest.

Subscribe to enjoy similar stories. Bengaluru: CarDekho’s early investors including Peak XV, Google Capital and Hillhouse Capital are expected to sell part of their stakes in the automobile marketplace as the company initiates conversations with merchant bankers for an initial public offering next year. CarDekho, which is expected to file its IPO papers in March, may see other early investors also book a profit from its public share offering, two people with direct knowledge of the matter told Mint.

Indigo Paints fell by 5.7% to a low of Rs 1,452.10 on the BSE during early trading today. This decline followed a block deal estimated at Rs 179.2 crore, representing 2.5% of the company's equity, at Rs 1,493 per share. Reportedly, 1.2 crore shares were traded in the transaction, with Peak XV Partners Investments (formerly Sequoia India) likely being the seller.

Indigo Paints, Nucleus Software, Venus Pipes, Adani Enterprises, Godfrey Phillips among others will be in focus due to various news developments. Indigo Paints

Mint. “However, the increase in the number of people who can afford and the change in consumer demand towards quality has prompted our investment thesis to evolve." Peak XV (formerly Sequoia India and Southeast Asia) recently invested $12 million in Mokobara. Its consumer portfolio includes petcare startup Heads Up For Tails, nutraceuticals seller Healthkart, and home improvement firm HomeLane.

Nat Habit, a direct-to-commerce beauty and wellness brand, has raised $10.2 million in a series B funding round led by Bertelsmann India Investments. The round also saw participation from existing investor Fireside Ventures, along with other investors including Amazon India Fund, Mirabilis Investment Trust and Sharrp Ventures, the company said in a statement on Monday.

Singapore-based digital currency payments firm Triple-A has completed a $10 million Series A funding round. 

Venture capital Peak XV, on Monday, announced the launch of its Cohort 9 for early-age startups, under which it will train 13 startups, according to a report by the PTI. The Cohort 9 is the first after the separation of Sequoia India & Southeast Asia from Sequoia Capital US. The 13 ventures from India, Singapore, and Australia will undergo a 16-week program under the cohort. “Cohort 09 marks several milestones for the firm. It is the first since Peak XV’s rebrand from Sequoia India & Southeast Asia and forays into greater Asia-Pacific expansion with the inclusion of Australia-based startups,” Peak XV said in a statement, according to PTI.

leadership role, Rathi will lead product, design, growth and marketing at the neo-bank and will closely with Jupiter founder Jitendra Gupta. “Having someone of Anuj’s pedigree, experience and track record will be an invaluable asset to Jupiter as we continue to double down on our mission of enabling financial wellness for millions of Indians.

Byju’s, who resigned in June, revealed the reasons for leaving the board. “Despite repeated efforts from our Director, executive leadership at Byju’s regularly disregarded advice and recommendations relating to strategic, operational, legal, and corporate governance matters.

NEW DELHI : A group of 30 Indian and foreign investors, including marquee names such as Indian venture capital firms Kalaari Capital, Peak XV Partners (formerly Sequoia India and South-East Asia) and Lumikai, and US firms Tiger Global Management and Tribe Capital, on Friday wrote to Prime Minister Narendra Modi, seeking a meeting to elucidate the impact of the Goods and Services Tax (GST) Council’s recommendation to tax the online gaming sector at 28% of the gross revenue earned by companies in this sector. The letter claimed that the new recommended tax for the sector could lead to an increase of up to 1,100%, based on the present interpretation of the GST Council’s recommendation to tax real-money online gaming companies at 28% of the “full face value" of their earnings.

The hackathon is organised by Crypto investing app CoinSwitch.