Sequoia Capital India Closes Its Third Fund At $400 Million; To Focus On Late Stage And Growth

Sequoia Capital India has announced the closure of its third fund of $400 million. It will invest in late and expansion stage-  companies. The earlier two funds had focused on early-to-mid stage companies. Sequoia Capital India has already invested in Cafe Coffee Day and in Flextronics Software (alongwith KKR in its recent buyout) from the thrid fund. It looks like the third fund will have more of an old economy skew towards retail and infrastructure as reports suggest.