SEQUOIA CAPITAL INDIA
Amagi, Shiprocket post profits; US polls’ impact on IT
Amagi’s Q2 profit surged nearly 30x while Shiprocket swung into the black for the first time. This and more in today’s ETtech Top 5.
Sequoia Capital restructures operations after raising $10 billion, shuts London office
In a bold move, Sequoia Capital is undergoing a major restructuring by shutting down its London office and disbanding the Arc accelerator and Scouts programs. These changes come amid a leadership shift and a focus on selective investing. With approximately $10 billion raised in new funds, Sequoia is committed to backing European founders, albeit from its Bay Area hub.
Coders out, VCs in: Investors bet billions on AI-first services
The AI-native services firms’ promise of high margins and rapid growth with fewer people has attracted the interest of VC firms. If Distyl AI raised $175 million at a $1.8 billion valuation a year ago, Wonderful raised $550 million at a $5 billion valuation in September.
360 ONE, TR Capital among buyers eyeing Paper Boat early backers stake
Private equity firms, including 360 ONE and TR Capital, are negotiating to acquire a stake in Hector Beverages. Existing investors, such as A91 Partners and Sofina, explore partial exits from their investments. Other early backers intend to sell their entire stakes ahead of the planned IPO in 2027. Hector Beverages expects significant revenue growth, forecasting Rs 1,000-1,200 crore in FY27.
No need to slow AI deployment if technology clears safety test: ElevenLabs CEO
"There is increasing collaboration across the industry in the space to make sure that people work together to assess this risk," Staniszewski, 31, said in an interview. "But we need to balance the benefits for society and the risks."
ElevenLabs hears a global tune in Indian voice AI deployments
ElevenLabs, recently valued at $22 billion, is expanding its research, engineering, and deployment teams in the country, which is now its second-largest market, with over 250 enterprise clients. Staniszewski expects voice agents to move beyond customer support into sales and operations, with India potentially leading some of those applications.
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Honasa Consumer shares fall 5% after Rs 643 crore block deal; Peak XV, Sequoia likely sellers
Honasa Consumer shares declined up to 5% after 1.4 crore shares worth Rs 643 crore changed hands in a block deal. The transaction comes after the Mamaearth parent reported a 116.5% YoY rise in Q1 FY27 profit to Rs 90 crore. The company has set a Rs 5,500-crore revenue target by FY31, aiming to expand EBITDA margins to 15%.
Kopi Kenangan IPO: Serena Williams and Jay-Z-backed coffee chain explores $1 billion valuation
Kopi Kenangan is exploring the possibility of an initial public offering that could significantly increase its valuation. The company, which is currently profitable, has more than 1,300 locations across multiple countries. Major investors, including Serena Williams and Jay-Z, contributed to the company's growth with $234 million in funding. As part of its expansion plans, Kopi Kenangan aims to add around 550 locations by 2026.
SC refuses UPI MDR stay; Nvidia unveils tools for rogue AI
The Supreme Court has refused to stay MDR on select UPI transactions and sought Centre’s response. This and more in today’s ETtech Top 5.
Practo appoints Jagnoor Singh as CEO; founder Shashank ND transitions to chairman role
Singh, who joined Practo as chief operating officer in January 2025, took over as CEO effective September 1. He will oversee the company’s strategy, growth and operations across global markets. Before Practo, Singh held senior roles at Bharti Airtel, Unacademy and Oyo.
Groww block deal alert: Shares fall nearly 3% after 10.07 crore shares change hands; Peak XV, Sequoia Capital likely sellers
Billionbrains Garages Ventures shares fell after a large block deal occurred. Peak XV Partners and Sequoia Capital were reportedly selling their stake. Jefferies maintains a Buy rating on the Groww parent company. The brokerage sees significant upside potential from the current stock price. Groww reported strong year-on-year profit growth in its recent quarterly results.
Stocks in news: Yes Bank, Vedanta, Groww, BHEL, Bharat Forge and NBCC
Indian equity markets closed lower on Tuesday, extending their monthly decline. Nifty50 reached a key support level, indicating a potential technical bounce. Several companies, including Yes Bank and Vedanta, are expected to be in focus. Bharat Forge and BHEL announced significant collaborations and joint ventures. Other firms reported regulatory updates and investment plans for future growth.
Whatfix appoints cofounder Vara Kumar as CEO after Khadim Batti’s death
Whatfix, the innovative enterprise software startup, has announced the appointment of Vara Kumar as its new chief executive officer following the tragic loss of cofounder Khadim Batti earlier this month. Kumar, a cofounder since 2014, is set to spearhead the company’s next phase of growth, building on Batti’s remarkable legacy as a visionary leader and angel investor within India's thriving startup ecosystem.
SaaS company Whatfix's cofounder and CEO Khadim Batti passes away
Whatfix CEO Khadim Batti passes away: Vara Kumar, Batti's cofounder and a close friend, told Whatfix employees in an email that Batti had spoken with him at length on Monday night and that they had discussed their respective health situations. “He had been maintaining his health very well,” Kumar wrote.
Sequoia Capital US may join Groww’s anchor book ahead of IPO
Sequoia Capital US is likely to join the anchor investor book of online investment platform Groww, making it the Silicon Valley venture capital firm’s first direct investment in India after its exit from the country two years ago.
Exclusive: Sequoia's Shailendra Singh on corporate governance, VC accountability, frothy tech valuations and more
Shailendra Singh, managing director at Sequoia Capital India and SEA, sat down with ET’s Samidha Sharma in a two-hour-long interview to discuss, for the first time, how the fund has been affected by the constant scrutiny, what it’s doing to address the governance issues, and its investing strategy in the current climate after having raised a huge pool of capital.
Sequoia’s Surge unveils its eighth cohort of 12 startups
The eighth cohort features 30 founders who will go through a 16-week programme that offers support for their startups to scale-up, along with $1-$2 million in capital from Sequoia and co-investments from other investors, Surge said in a statement on Wednesday.
Algo’s withdrawal of defamation suit vindication of our stand: Sequoia Capital
In the communication sent out to its portfolio companies, the VC fund said it had found “concerning incidents” involving Algo Legal, a service provider associated with a former Sequoia India employee, and related parties.
Sequoia Surge launches sixth edition with 20 early-stage startups
With the sixth cohort, the Sequoia Surge community now includes 246 founders from 112 startups across more than 15 sectors, including SaaS, developer tools, edtech, cybersecurity and fintech.
Hevo Data bags $30 million in funding led by Sequoia Capital India
The round also saw participation from Qualgro, Lachy Groom, Chiratae Ventures, and several angel investors, the company said in a prepared statement.
Sequoia Capital to restructure funds, becoming more than a VC
Sequoia Capital will remake its investment structure in the US and Europe around a single fund, Sequoia partner Roelof Botha says. The Sequoia Fund, as it’ll be known, will let the firm invest in a range of asset classes.
The Whole Truth raises $6 million in funding led by Sequoia Capital India
The company has so far raised Rs 52 crore including this round.
A dozen of our firms at various IPO prep stages: Sequoia India's Shailendra Singh
Sequoia Capital India, which has backed startups including Zomato, Oyo, Byju's, among hundred others, has racked up $195 million for its second seed fund, in addition to the $1.35 billion corpus it raised for India and Southeast Asia in July last year.
Wakefit.co lands Rs 185 crore funding led by Verlinvest, Sequoia; valuation hits Rs 1,900 crore
The startup will now look to double down on reaching Indians in Tier II and Tier III markets.
Let's Dive lands $1.7 million in funding led by Sequoia Capital India's Surge
The funding round also saw participation from Village Global and angel investors like Ravish Naresh, founder of Khatabook, and Sai Srinivas, cofounder of Mobile Premier League among others.
Sequoia's Surge backs 17 startups in its fourth cohort
The fourth startup batch has collectively raised $45.35 million and will run entirely online through to March next year.
Matrix, Sequoia lead $10 million round in B2B startup Bijnis
Bijnis, formerly known as ShoeKonnect, has raised $10 million led by Matrix Partners India and Sequoia Capital India, along with existing investors Info Edge and Waterbridge Ventures.
Sequoia’s startup bet intact, to raise record $1.3 billion for new India fund
Sequoia will also, for the first time, split the corpus into two vehicles — one for early stage and other for growth stage.
Gautam Mago resigns as MD of Sequoia Capital India
Mago was one of the seven partners at Silicon Valley-headquartered venture capital firm's India unit, having worked there for a decade.
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