Sequoia's India arm says it is now free to make U.S. deals

Split with American parent eliminates potential conflicts in hot sectors like AI

Managing Director Shailendra Singh, second from left, stands with other executives from Sequoia's Peak XV Indian arm. He says the firm will step up investments in U.S.-based companies "where one of the co-founders is in India or Southeast Asia, or they have engineering teams there." (All photos courtesy of Peak XV Partners)

SAYAN CHAKRABORTY, Nikkei staff writer

June 14, 2023 15:30 JST

BENGALURU -- The three-way split of the Sequoia venture capital firm will free its Indian and Southeast Asian arm to pursue U.S. software deals in hot sectors such as artificial intelligence that were once off-limits, the managing director of the Bengaluru-based business told Nikkei Asia.