Sequoia raises $2.85bn for India, Southeast Asia investment

BENGALURU -- Venture capital firm Sequoia has amassed $2.85 billion to invest in India and Southeast Asia, its largest dedicated fund for the region.

It has earmarked $2 billion for India, while the rest will be deployed across early- and growth-stage startups in Southeast, the company said in a blog post on Tuesday. The latest fundraising brings Sequoia's total assets under management across India- and Southeast Asia-focused funds to about $9 billion.