Sequoia raises $1.35bn for India and Southeast Asia funds

CEBU, Philippines -- Silicon Valley venture capital Sequoia Capital has raised $1.35 billion for two new funds that will invest across India and Southeast Asia, according to Sequoia India managing director Shailendra Singh.

In a LinkedIn post, Singh said the company's partners have collectively committed $825 million to a growth fund and another $525 million to a venture fund. With the two new funds and an existing seed fund, Sequoia India has fortified its position as the top venture capital player in India and Southeast Asia.